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Obama Leads International Challenge to China’s Rare Earth Export Restrictions

8:03 AM MDT | March 16, 2012 | —Ian Young

The U.S., European Union (EU), and Japan have launched a 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 Obama announced on March 13 that the U.S. will join the EU and Japan in challenging the policy as allegedly violating WTO law. 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...

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