WTO to Examine China’s Rare Earth Export Quotas

Bloomberg reported that World Trade Organization judges will investigate the export quotas and tariffs China has imposed on rare earth minerals after the country was accused of breaking global commerce regulations. China claims the limits protect the environment and dwindling natural resources.

As quoted in the report:

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

Click here to read the full Bloomberg report.