Because even before the "revolutions" in the Arab world, there is already too:
China wants to "cooperate with other countries" in the use of minerals called "rare earth" and will not use as a "bargaining tool" in negotiations on international trade. , said a spokesman for the Ministry of Industry in Beijing, while adding that while Beijing wants to "safeguard" their "non-renewable natural resources."
China produces 95% of rare earth elements available in the world today. These 17 minerals are a valuable source of clean energy and are used in products ranging from computers to control systems of ballistic missiles. China has imposed quotas, periodically reviewed, exports of these minerals.
In recent weeks, reports of severe restrictions on exports have come from many Western countries and Japan. The Secretary of State Hillary Clinton said today that "any clarification on the Chinese policy on the rare earth is welcome."
October 28, 2010
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