From Major Producer and Exporter, China Could Become Major Consumer and Importer of Rare Earths By 2014

By International Business Times July 10, 2012, 11:18:52 PM EDT

China, as it gears its economy to sustain the continued global fiscal crisis along with general plans to boost domestic consumption, could transform from a major rare earths producing and exporting nation to a major consumer and importer of the precious metals essential to make high-tech gadgets and applications.

This as China on Tuesday barred a request lodged before the World Trade Organisation by the U.S., the European Union and Japan to investigate and arbitrate its curbs on exports of rare earths.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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