Feeds

Japan and Vietnam push on with rare earth mining plans

Asian nations chip away at Chinese monopoly

Security and trust: The backbone of doing business over the internet

Fears the global technology supply chain could be throttled by China's interest emerged over the weekend after Japan and Vietnam announced the inauguration of a rare earth technology centre in Hanoi, as the two countries look to accelerate their mining plans.

Rare earths are highly coveted by the technology industry where they are used in the production of everything from flat screen monitors to hybrid cars.

China has around a third of the world’s deposits on its soil, but accounts for over 90 per cent of global supply and has recently been cutting production and exports in order to safeguard future supplies.

The World Trade Organisation (WTO) is currently investigation complaints by the US, EU and Japan that China is deliberately throttling supply to drive up prices, but its final decision is unlikely to change the Communist Party’s policies. Interest in supplies outside the People’s Republic has therefore risen.

Despite their name, rare earth metals are a plentiful resource and Vietnam is thought to have one of the world’s largest reserves, located mainly in the north-west area of Lai Chau.

When it is completed, the research centre in Hanoi will allow rare earths to be extracted from mined ore before being shipped off to Japan, according to Xinhua.

The Vietnamese government will apparently pay for the construction of the centre, while Japan is chipping in the cost of the equipment. The two nations signed an MoU in May which will see the setting up of a mine with a 10,000 tonnes-per-year capacity, according to reports.

As more ventures like this get off the ground, it will be interesting to see if China decides to lower its prices and change its rhetoric. ®

rare earths

New hybrid storage solutions

More from The Register

next story
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.