Obama Sees WTO Ruling on China as Warning

Bloomberg reported that a recent WTO ruling on China’s rare earth export quotas signifies Obama’s push to make the US more competitive in the industry.

As quoted in the market news:

Rare earths became a political and legislative issue in July 2010 when China moved to limit domestic output and slash export quotas by 40 percent, souring ties with major users including the U.S. and Japan, where buyers cut usage after prices soared in the first half of 2011.

Click here to read the full Bloomberg report.