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People's Daily Online>>China Business

No discrimination in rare earth supply

(Xinhua)

16:07, February 04, 2012

GUANGZHOU - China's premier said Friday that the country does not discriminate against foreign companies in terms of rare earth supplies, stating that policies and quotas for both domestic and foreign companies are the same.

Premier Wen Jiabao made the remarks while meeting with Chinese and German businessmen on the sidelines of a visit by German Chancellor Angela Merkel in Guangzhou, capital of south China's Guangdong province.

Wen said China's previous lack of environmental protection and sustainable development resulted in the excessive exploitation of rare earth metals, which were then sold for low prices.

"Although we now know that we must develop rare earth metals sustainably, we can still afford to meet 90 percent of global demand with less than 50 percent of the world's reserves," Wen said.

He said Chinese and foreign companies face the same standards in terms of environmental protection and ecological sustainable development.

Rare earth metals are a group of 17 elements that are widely used in high-tech products, including flat-screen televisions, lasers and hybrid cars.

China's rare earth metal export quota for 2012 has been largely unchanged from that of 2011. China's rare earth metal exports totaled 14,750 tons during the first 11 months of 2011, meeting just 49 percent of that year's quota.

Guangzhou is the second stop on Merkel's three-day official China trip. Prior to her visit there, Merkel met with President Hu Jintao and top legislator Wu Bangguo in Beijing on Friday morning.

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PD User at 2012-02-06113.231.241.*
Nic- If you could read you would see"Rare earth metals are a group of 17 elements that are widely used in high-tech products, including flat-screen televisions, lasers and hybrid cars." It has nothing to do with weapons. The US does not need Chinese rare earth metals to make weapons.
Nic at 2012-02-05124.82.109.*
If the West continues to refuse to sell high tech equipments to China, China should hold steadfastedly not to sell rare earth to them. After all they could use them on the weapons and one day attack China!If they want to muanufacture their hi-tech equipment, make them in China or allow Chinese inspectors to check if they are used to make weapons which could be used to attck China one day.You must make sure you have guarantee against them for "wrong" use!Why allow the West to play a one-sided game?
wende at 2012-02-0571.255.83.*
China should fight back on WTO. Otherwise, China will exhaust its natural resources while foeign companies are laughing on their way to the bank commenting how stupid China is allowing other countries to empty its natural resources.
helen at 2012-02-04210.195.113.*
Rare earth materials are used for Hitech and weaponary in the United States and and its axis-of-tyranny. The US denies Hi-Tech exports to China. This is in addition to many so-called "dual use" technology. As such China should its rights to export whoever it deems convenient.
  

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