China Vows to Keep Supplying Rare-Earth Metals to World

Bloomberg.com reports that China pledged to supply Japan and other countries with rare-earth metals.

The market news is quoted as saying:

Chinese Premier Wen Jiabao made the vow during a trilateral meeting with counterparts from Japan and South Korea, Kim Hee Jung, a spokeswoman for South Korean President Lee Myung Bak, told reporters today in Hanoi. All three are attending meetings in Vietnam hosted by the Association of Southeast Asian Nations. Wen said “China will continue to supply rare earths to the international community,” Kim told reporters after the meeting. Wen said “China will work with major buyers in expanding the source of rare earths and developing alternative minerals,” according to Kim.

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