ME home
 
  SME FaceBook SME Twitter SME LinkedIn RSS Feed

Subscriber or
SME Member Log On

WEB-ONLY CONTENT

Go to SME eNEWS

MINING INDUSTRY EVENTS

Copper 2019  - Conference
Aug 18, 2019 - Aug 21, 2019
AIMEX  - Exhibit
Aug 27, 2019 - Aug 29, 2019
6th Internatl Congress on Environment and Soc Resp  - Conference
Sep 4, 2019 - Sep 6, 2019
Future of Mining EMEA 2019  - Conference
Sep 4, 2019 - Sep 5, 2019

METAL PRICES


Au
Ag
Pt
Pd
Ni
Cu
Al
Pb

AGGREGATES
AND MINERALS
MARKETPLACE


http://aggregatesmineralsmarketplace.com
The Mining Engineering, SME and NSSGA
Online Buyers Directory Site
The Online Global Mining and Minerals Library Site

Latest list of tariffs aimed at China does not include rare earths
September 19, 2018

The latest list of good from China to be subjected to tariffs imposed by the Trump administration does not include rare earths.

Rare earths including scandium and yttrium are absent from the latest list of about $200 billion of Chinese goods on which the Trump administration plans to impost duties from, Bloomberg reported. The minerals were among a number of items scrubbed from the preliminary target list released in July along with car seats and Bluetooth devices.

China controls the vast majority of rare earths and for many, the inclusion of rare earths on the list of tariffs items was concerning. Their inclusion in the first place was odd. China produced more than 80 percent of the world’s rare-earth metals and compounds in 2017, according to the U.S. Geological Survey. It has about 37 percent of global reserves and supplied 78 percent of America’s imports.

Other niche but important materials were also missing from the revised list. These included graphite flakes, as well as some forms of silicon and magnesium.

It’s not just the Trump administration that seems to be having second thoughts about making imports of strategically critical commodities more expensive. Beijing dropped its plan to impose levies on imports of U.S. crude oil, an increasingly important source of supply to the Asian nation.

China’s grip on rare-earths supply is so strong that the U.S. joined with other nations earlier this decade in a World Trade Organization case to force the nation to export more of the materials, not less, after prices spiked amid a global shortage. The WTO ruled in favor of the America, while prices eventually slumped as manufacturers turned to alternatives.
 

Related article search: