Source:
New York TimesBEIJING — Chinese officials said Thursday that they would tightly regulate production of two minerals vital to manufacturing hybrid cars, cell phones, large wind turbines, missiles and computer monitors, but that they would not entirely ban exports.
China produces over 99 percent of the world’s supply of dysprosium and terbium, two rare minerals essential to recent breakthroughs in high-technology industries.
A bureaucratic reshuffle in Beijing this year prompted a review of Chinese policy, and new regulations were drafted that would entirely ban the export of these minerals. That has triggered anger and dismay from Western governments and multinational companies that depend on Chinese supplies.
Wang Caifang, deputy director general of China’s Ministry of Industry and Information Technology, tried on Thursday to allay concerns that the draft rules would become the final policy, saying the regulatory review is still underway.
Read more:
http://www.nytimes.com/2009/09/04/business/global/04minerals.html
Ah, I'm having visions of Oliver Twist, "Please sir, may I have some (m)ore?"