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U.S. to bring case against China at WTO over limits on rare earths exports

Thursday, 15 March 2012

Large_rare_earth_metals

ATLANTA (US) – The United States, the European Union and Japan are filing a challenge with the World Trade Organization against China’s export restrictions on minerals that are crucial for the production of many high-tech devices, President Barack Obama announced Tuesday.

In a statement to reporters at the White House, Obama said the case seeks to force China to lift export limits on certain minerals known as rare earths.

China produces 97% of all rare earths, according to the European Union. The materials are used in products such as flat-screen televisions, smart phones, hybrid car batteries, wind turbines, energy-efficient lighting, electronics, cars and petroleum.

Read more on CNN.com

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