US set to challenge China rare earth export restriction (BBC)

[eppur_se_muova]

The US is set to file a case against China at the World Trade Organization challenging its restrictions on rare earth exports.

The European Union and Japan are expected to support the US in its case.

Beijing has set quotas for rare earth exports, many of which are critical to the manufacture of high-tech products.

The US argues that by limiting exports China, the world's largest rare earth producer, has pushed up prices.

China produces more than 95% of the world's rare earth metals, and any restriction on exports from Beijing is likely to have a bearing on global prices.
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more: http://www.bbc.co.uk/news/business-17348648

[TexasTowelie]

1. But possession is 9/10ths of the law, or so I thought.

What right does any nation have to tell another sovereign nation that they must export natural resources? Are we going to intervene if China does not succumb to our demands?

[msongs]

2. but that's "free enterprise" & supply/demand capitalism at its finest lol nt