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China Defends Rare Earth Quotas, Price Rises
Jul 22,2011 13:22CST
industry news
Source:SMM
China controls its rare earth exports to protect its environment and ensure smooth industry operations, the Chinese industry ministry said on Thursday.

BEIJING, July 21 -- China controls its rare earth exports to protect its environment and ensure smooth industry operations, the Chinese industry ministry said on Thursday.

The ministry also told reporters at a briefing that China does not intend to manipulate the prices of rare earths and that recent price increases in the raw material were reasonable, especially compared with the long-term price trends in other commodities such as oil.

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