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WTO rejects China's appeal of ruling against rare earth export restrictions

6:29 AM MDT | August 8, 2014 | Ian Young

The World Trade Organization (WTO; Geneva) has rejected an appeal by China against a WTO ruling earlier this year that China's export restrictions on the key industrial raw materials rare earths, molybdenum, and tungsten violate trade rules. WTO's appellate body confirmed the findings of a WTO dispute settlement panel that ruled last March against China's export duties and quotas. The European Union, Japan, and United States jointly brought the case to WTO in 2012, saying that the export restraints are designed to benefit domestic Chinese consuming industries by...

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