Rare Earths could run some more today. From Reuters:
China has refused U.S. requests to end export restraints on rare earths that have alarmed trade partners, and Washington could complain to the WTO, which judges international trade disputes, the U.S. Trade Representative office said last week.
The rare earths issue adds to the growing list of trade-related disputes between China and the United States, which has accused China of poorly enforcing intellectual property rights and for its indigenous innovation policies that discriminate against foreign companies.
Prices have surged for rare earth minerals since the authorities in Beijing slashed exports by 40 percent this summer.
Beijing said the curbs were aimed at ensuring supplies for Chinese clean energy companies it is trying to promote internationally, but it has also said its dominance as a producer should give it more control over global prices.
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