Feeds

China sets up association to handle rare earth disputes

Minerals have become a big deal to tech industry

Secure remote control for conventional and virtual desktops

The Chinese government has set up a new association for companies in the rare earth industry which will be tasked with promoting development and handling international trade disputes in the increasingly fractious sector.

State-run Xinhua reported on Sunday that the body will feature 155 members including heavy weights such as the Aluminum Corporation of China and China Minmetals Corporation, and be governed by the Ministry of Industry and Information Technology (MIIT).

China has a 97 per cent global market share of rare earth materials,which are used to manufacture a range of IT kit from hard drives to plasma displays. President of the Chinese Society of Rare Earths, Gan Yong, will be president of the new association. He reportedly claimed that the body would help to “form a reasonable price mechanism” at a time when China is being accused of deliberately forcing up prices by strangling exports.

The US, EU and Japan have all filed complaints to the World Trade Organisation arguing that China’s export restrictions are unfair and could severely affect the global supply chain for countless products.

Some critics have argued that China’s end goal is to drive up export costs to the point where technology manufacturers are forced to relocate their plants within the People’s Republic – providing the Chinese economy with a massive boost.

The signs of a resolution don’t look good though, with China last month announcing that it will actually cut back on rare earth mining for environmental reasons.

Alluding to the commitment, Gan promised that the new association would be responsible for making the country’s rare earth mining industry more eco-friendly.

He also pointed the finger at other nations, intimating that many are stockpiling rare earths and therefore putting too great a burden on China.

“Many countries in the world have rare earth reserves, you cannot rely on China alone to provide all the supplies," he reportedly said. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.