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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

China Loses Appeal Against WTO Raw Material Export Ruling

4:00 PM MST | February 13, 2012 | –Ian Young

China has lost an appeal against a World Trade Organization (WTO; Geneva) ruling that China’s practice of restricting exports of certain key raw materials violates international trade regulations. However, the WTO decision does not cover China’s dominant position in the global supply of rare earths. DE Gucht: Expecting China to bring its rare earth export regime into line with WTO rules. WTO ruled in July 2011 that China unfairly limits exports of nine raw materials including fluorspar, silicon metal, silicon carbide, and yellow phosphorus--some of...

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