Earth Science News  





.
TRADE WARS
China's Wen hits back at Japan in rare earths row

US wants G20 to ensure rare minerals trade
Washington (AFP) Oct 6, 2010 - The United States called Wednesday for the world's major economies to look at ways to ensure a free flow of rare minerals used in gadgets after Japan said China cut off shipments for political reasons. US Commerce Secretary Gary Locke praised the Asia's two largest economies for agreeing to talks next week and hoped "there will continue to be a free flow" of rare earths. "That's something that I think all the countries perhaps will have to address in the upcoming G20," Locke said, referring to the November summit in South Korea of 20 major economies. "We need to have that multinational dialogue, especially on some of these very, very rare metals that specific countries may have a greater abundance of," Locke said at the Woodrow Wilson International Center for Scholars.

Locke said that rare metals were crucial for technological innovation, along with broader international trade. China is the main source of rare earths which are essential to everything from iPods to hybrid cars and eco-friendly light bulbs. Japanese industry reported that China cut off shipments of rare earths last month after a sharp deterioration in relations when Tokyo arrested the captain of a Chinese trawler near disputed islands. Japanese Trade Minister Akihiro Ohata has vowed to press China not to hold up shipments of the minerals and other commodities during the talks next week to be brokered by South Korea. China has denied it cut off shipments. Chinese Premier Wen Jiabao, speaking in Brussels on Wednesday, said that Beijing "will not block the rare earth market."
by Staff Writers
Brussels (AFP) Oct 6, 2010
Chinese Premier Wen Jiabao hit back at Japan Wednesday in a row about shipments of rare earth minerals, threatening fresh strains between the northeast Asian giants over a key high-tech resource.

"We will not block the rare earth market," Wen told an audience of business figures in Brussels ahead of a fractious summit with EU leaders marred by a dispute over the yuan and other differences.

Rare earths, of which China is currently the main world producer, are essential elements used in everything from iPods to hybrid cars and eco-friendly light bulbs.

"What we are pursuing is the sustainable development of rare earths, which is necessary to meet national needs -- and also the needs of the world," Wen said.

Japanese Trade Minister Akihiro Ohata said Tuesday that Tokyo will press China at talks next week to stop holding up shipments of the minerals and other commodities during talks brokered by South Korea.

"The government will strongly demand China rectify the situation," Ohata said."

Wen responded in Brussels that it was "necessary" to "manage and control" the rare earths market.

"We will not use (rare) earths as a bargaining tool but to ensure the development of the world," he said.

Rare earths, such as super-magnet dysprosium and red-glowing europium are vital components in hard-drives and computer screens, while the metals also make possible laser missile systems, wind turbines and solar panels.

The problems with Chinese exports to Japan -- which first arose last month during a bitter territorial dispute between Beijing and Tokyo -- have sparked concerns worldwide at security of supply.

Japan arrested a Chinese trawler near disputed East China Sea islands on September 8 and then kept its captain in detention before releasing him.

China reacted strongly, freezing high-level talks and cancelling civil exchange programmes, including a Japanese pop group's concerts in Shanghai and Chinese tourist packages to Japan.

The two sides have shown signs of bridge-building, as Japan's Prime Minister Naoto Kan and Wen met briefly and agreed to improve ties on the sidelines of an Asia-Europe summit in Brussels.




Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Global Trade News



Tempur-Pedic Mattress Comparison

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News
TRADE WARS
Asian growth needs stronger currencies: IMF
Washington (AFP) Oct 6, 2010
China needs a stronger currency to boost domestic demand and reduce its reliance on exports, a rebalancing needed across Asia to ensure the region's long-term growth prospects, the IMF said Wednesday. In its latest world economic outlook, the International Monetary Fund said that for China, it was "critical to enhance the role of household consumption in domestic growth" to drive the economy ... read more

.
Get Our Free Newsletters Via Email
  


TRADE WARS
Slow return to school for quake-hit Haiti's students

Pakistan stability in play with flood aid: UNHCR official

Bin Laden concerned by climate, Pakistan floods: audiotape

Pakistan flood victims struggle to rebuild alone

TRADE WARS
Logitech unveils Google TV boxes

New funding for Viewdle, which lets smartphones 'see'

Japan seeks solutions for rare earth curb

A Step Toward Lead-Free Electronics

TRADE WARS
Climate Change Affects Horseshoe Crab Numbers

Ocean Conditions Likely To Reduce Colorado River Flows During This Winter's Drought

Doppler Radars Help Increase Monsoon Rainfall Prediction Accuracy

Danube water quality controls boosted after Hungary spill

TRADE WARS
Himalayan climate change action urged

Disappearing Glaciers Enhanced Biodiversity

Argentine Congress votes to restrict mining near glaciers

Putin says Arctic must remain 'zone of peace'

TRADE WARS
Saving Tropical Forests By Valuing Their Carbon And Improving Farm Tech

Protecting biodiversity will 'help' ASEAN economies: experts

Anti-GM crop petition tops million signatures

Land Degradation And Recovery On Western Rangelands

TRADE WARS
Indonesian flash floods kill 56, dozens missing: official

Vietnam flood death toll at least 26: officials

15 killed, dozens missing in Indonesian floods: officials

Bin Laden repeats call for Pakistan flood aid: monitors

TRADE WARS
Zambia backs off threat to shut down Internet providers

UN's Ban decries shortage of troops, supplies in restive DRC

UN envoys put spotlight on Sudan conflict fears

Algeria leader loses ground in power fight

TRADE WARS
Canadian helps severely disabled speak through music

Suicide rate rises among China's elderly: state media

China marks 30 years of one-child policy

Critics urge pressure as China one-child policy hits 30


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement