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China Exclusive: Experts say no more cheap rare earths from China

(Xinhua)

15:06, March 13, 2012

BEIJING, March 13 (Xinhua) -- The era of cheap rare earth supplies from China is doomed to end as the country tightens control over the precious resources out of environmental concerns, Chinese lawmakers said on the sidelines of the parliamentary session.

China has been supplying enormous quantities of rare earth products to the world. However, environmental costs were not included in the pricing of the commodities, said Liao Jinqiu, an economist at Jiangxi University of Finance and Economics.

"The exploitation of rare earths should be further integrated, and a rare earth industry chain must be forged so as to ease the environmental pressure created by excessive extraction," said Liao, also a deputy to the National People's Congress.

China is believed to have abundant reserves of rare earth metals, a group of 17 elements that are vital for manufacturing an array of high-tech products, including cell phones, wind turbines, electric car batteries and missiles.

China now produces more than 90 percent of the world's rare earth products, but its reserves only account for about one-third of the world's total.

The disorderly mining of rare earths has long been blamed for the environmental damage in rare earth-rich regions across the country. And experts say it will be costly to repair ecosystems that have been ruined as a result of rare earth mining.

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PD User at 2012-03-20124.82.100.*
If you trust the reporters, might as well trust the coffins, see what the reporters had done to Myanmar, cambodia, Afghanistan, Iraq, Pakistan,now Syria and so on... They always call themselves freedom of expression, but it also mean freedom of defamations. Yes China may have been foolish to export too much rare earth, but China"s intention is for the world to have a better living standard because rare provide us with all the TV, handphones computer sets, etc, but why no countries comes to China"s defence when US, EU and Japan start attacking China on rare earth curbing? where is the so call good reporters???? say something to defend China then.
PD User at 2012-03-1586.96.226.*
had china been not so strong,the west would have placed sanctions by now.RE or other pretexts will always be around the corner.US is just holding their RE reserves.
PD User at 2012-03-15175.141.161.*
If USA wants RE they should start their own mining and mine their own RE. Why bother to trouble China?We still remember when we started to build our country you sanctioned us and even refused to sell us many things including tyres!Yes, Australia, USA"s firm friend wants to process RE in Malaysia, they have plenty of RE so USA should approach Australia to send RE to USA for processing instead of Malaysia.China, be smart , you only have about 30% of the world"s RE. Once depleted, you will be bullied and stumped flat like a pancake. Nobody would pity you.If you export RE make sure it is hundred times more. This will encourage other to open their own mines and process their own RE.
PD User at 2012-03-1569.158.49.*
I can"t believe the European Union, United States and Japan make such a complaint while they to sell their high tech to China.
PD User at 2012-03-14117.242.144.*
hmm and if reverse is done ie united states does digging then resources will move from china to united states.is not it earth magic
  

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