16 Feb '11, 10am

China to tighten regulation of rare earths

BEIJING: China said Wednesday it would tighten control over its rare earths industry, the latest step in a campaign to bring the lucrative metals under stricter regulation that has caused concern overseas. It was not immediately clear how the move would affect supplies and exports of the metals -- a collection of 17 elements that have become vital ingredients in high-tech products ranging from iPods to wind turbines. But a statement by the State Council, China's Cabinet, indicated tighter regulation that could affect the flow of the resources. "(We) will impose stricter protective mining policies on rare earth resources and protection standards for the environment," said the statement, issued after a meeting on the issue chaired by Premier Wen Jiabao. "(We) will set annual rare earth mining and export quotas at reasonable levels, taking into account domestic resources, pro...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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