Row Over Rare Earth Metals

{
  "authors": [
    "Yukon Huang"
  ],
  "type": "legacyinthemedia",
  "centerAffiliationAll": "dc",
  "centers": [
    "Carnegie Endowment for International Peace"
  ],
  "collections": [],
  "englishNewsletterAll": "asia",
  "nonEnglishNewsletterAll": "",
  "primaryCenter": "Carnegie Endowment for International Peace",
  "programAffiliation": "AP",
  "programs": [
    "Asia"
  ],
  "projects": [],
  "regions": [
    "North America",
    "United States",
    "East Asia",
    "China"
  ],
  "topics": [
    "Political Reform",
    "Economy",
    "Trade",
    "Foreign Policy"
  ]
}

In The Media

Row Over Rare Earth Metals

Rare earth metals are vital ingredients in a wide range of high tech product lines important to global trade and China's perceived monopoly on these metals is a big concern for the West.

By Yukon Huang

Published on Mar 13, 2012

Source: BBC News

Rare earth metals are vital ingredients in a wide range of high tech product lines important to global trade. Speaking on BBC News, Carnegie's Yukon Huang explained that China's monopoly on these metals is a big concern for the West. At least in theory, the United States, the EU, and Japan have legitimate grounds to file a case against China at the WTO because China has levied export quotas in such a way that prices for Chinese producers are lower than prices for foreign producers, Huang said.

Huang explained that China only has one third of global reserves of these minerals; the bulk lies in the United States, Canada, and Australia. Several years ago, China warned that growth in the extraction of rare earth metals would not be sufficient to meet global demand so quotas would have to be levied. Over the last two to three years, Huang concluded, western producers have faced a dwindling supply that is not sufficient to meet their needs.

About the Author

Yukon Huang

Senior Fellow, Asia Program

Huang is a senior fellow in the Carnegie Asia Program where his research focuses on China’s economy and its regional and global impact.

Recent Work

Commentary
Three Takeaways From the Biden-Xi Meeting
- Yukon Huang, Isaac B. Kardon, Matt Sheehan
Commentary
Europe Narrowly Navigates De-risking Between Washington and Beijing
- Yukon Huang, Genevieve Slosberg

Political Reform Economy Trade Foreign Policy North America United States East Asia China

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

More Work from Malcolm H. Kerr Carnegie Middle East Center

Commentary
Diwan
Egypt’s Discrete Role in the Ceasefire with Iran
Cairo’s efforts send a message to the United States and the region that it still has a place at the diplomatic table.
Angie Omar
Commentary
Diwan
Realism and the Lebanon-Israel Talks
Beirut’s desire to break free from Iranian hegemony may push it into a situation where it has to accept Israel’s hegemony.
Michael Young
Commentary
Diwan
The United States and Iran Have Agreed to a Two-Week Ceasefire
Spot analysis from Carnegie scholars on events relating to the Middle East and North Africa.
Michael Young
Commentary
Diwan
Iran Rewrites Its War Strategy
In an interview, Hamidreza Azizi discusses how Tehran has adapted in real time to the conflict with the United States and Israel.
Michael Young
Commentary
Diwan
Trump’s Plan for Gaza Is Not Irrelevant. It’s Worse.
The simple conclusion is that the scheme will bring neither peace nor prosperity, but will institutionalize devastation.
Nathan J. Brown

More Work from Malcolm H. Kerr Carnegie Middle East Center