Top China ADR Portal

China ADR stock research


Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 56

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 198

China Has No Plans To Cut Rare Earths Exports

E-mail Print PDF

truck1 October 19, 2010 (Chinavestor) China, home to the largest rare earths minerals deposits, has no definite plans to lower export quotas for the minerals next year, according to the Ministry of Commerce. The department was responding to press reports that said China was planning a 30% export reduction for rare earths products in 2011.

China pared rare earths exports earlier this year by 40% to boost prices and lower poullution. Rare earths minerals are used in a wide array of high-tech gadgets from iPhones and televisions to hybrid cars. The minerals are also essential components in the production of defense products such as missiles.

Demand for and consumption of rare earths minerals has been surging and China recently said at the current rate of consumption, the country could run out of the resources in the next 15-20 years.

Rare earths are comprised of 17 different elements. China has the largest share of worldwide reserves, about 36 percent, and the U.S. is second, with 13 percent, Bloomberg News reported, citing the U.S. Geological Survey.



If you like us, spread the word to the fellow investors on your favorite Social Bookmarking websites
Reddit! Del.icio.us! Mixx! Free and Open Source Software News Google! Live! Facebook! StumbleUpon! TwitThis Joomla Free PHP
 

!!! CHINAVESTOR.COM is for SALE !!!

BUY this domain with all its credentials. Chinavestor.com has been added to Google News and Finance since 2008! Huge web traffic upside potential! Website is optimized for Chinese stocks but can easily be tweaked. Contact Seller Here

sale1
G_news
Check out The Benefits of Getting into Google News!