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Bloomberg reports that the World Trade Organization has determined China’s raw material export curbs break international rules.
Bloomberg reports that the World Trade Organization has determined China’s raw material export curbs break international rules.
The market news is quoted as saying,
China, the world’s second-largest economy, is the top producer of cadmium, gold, indium, iron ore, lime, lead, manganese, mercury, molybdenum, phosphate, salt, tin, tungsten, vanadium and zinc. Its export restrictions have caused worldwide supplies of many raw materials to plummet, sending prices higher and providing an incentive for manufacturers to move to China to take advantage of the cheaper materials.