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China rare earths safe from WTO ruling on export curbs
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Headhunter-
Provided it was a plus for their people, I say way to go! What makes OPEC or ...
A World Trade Organisation ruling against China's restrictions on raw material exports could force changes to some of its rare earth policies but is unlikely to yield the boost in exports of the metals that consumers want to see.
A WTO panel on Monday said China violated global trading rules by restricting exports of raw materials like bauxite, coke, magnesium, manganese and zinc, which inflated prices and gave domestic Chinese firms an unfair competitive advantage.
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Headhunter-
2/4/2012 2:07 PM EST
Provided it was a plus for their people, I say way to go! What makes OPEC or anyone else immune?
Since then America has become an exporter of oil and rare earths(or soon will be)as a result. Considering the costs of shipping, we may soon be consuming our own produce as a means to stabilize prices and the economy, in part. As LNG is becoming more equitable as a green(ish)fuel, oil will lose it's luster over the next decade.
World trade is valuable for everyone, but monopolization of vital resources isn't.
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