China Defends Rare Earth Policies Despite WTO Ruling

Reuters reported that China plans to uphold its rare earth export policies.

As quoted in the market news:

Some analysts have said its policies are designed to give priority of supply to domestic consumers and encourage foreign consumers, mostly in high-tech strategic sectors, to move their operations to China. China has rejected this, saying nationwide output caps – which comply with WTO rules – have also raised domestic prices and forced local users to scale back operations.

Click here to read the full Reuters report.