World Trade Organization Rejects China’s Appeal Against Ruling Against Mineral Exports

Bloomberg reported the World Trade Organization has rejected an appeal from China regarding a ruling saying China’s mineral export limits are against global rules.

As quoted in the market news:

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 restraints 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.

Click here to read the full Bloomberg report.