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World News and Views :: Top of the News
Obama Leads International Challenge to China's Rare Earth Export Restrictions
6:51 AM MDT | March 14, 2012 | Ian Young
The U.S., European Union (EU), and Japan have launched a joint legal challenge to China's restrictions on exports of rare earths. They have jointly requested dispute settlement consultations with China at the World Trade Organization (WTO; Geneva). President Barack Obama personally announced that the U.S. would join the EU and Japan in launching the case at the WTO. China accounts for more than 96% of global rare earth supplies but it has limited overseas shipments in recent years through the use of export quotas, export duties, and other restrictions. These...
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