AEM 250 Lec 30 Hotellings Rule 110510

AEM 250 Lec 30 Hotellings Rule 110510 - China Plans to...

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China Plans to Reduce Its Exports of Minerals By KEITH BRADSHER Published: October 18, 2010, N.Y. Times HONG KONG — The Chinese government plans a further reduction, of up to 30 percent, next year in its quotas for exports of rare earth minerals, in an attempt to conserve dwindling reserves of the materials, the official newspaper China Daily said Tuesday. Plans for smaller export quotas come just four days after U.S. trade officials nnounced they would investigate whether China was violating international trade announced they would investigate whether China was violating international trade rules with a wide range of policies to help its clean energy industries. One of the policies under investigation involves China’s steady reductions in rare earth export quotas since 2005 and its imposition of steep taxes on the exports. China mines 95 percent of the world’s rare earths. They are crucial for compact fluorescent light bulbs , hybrid gasoline- electric cars , large wind turbines and other clean energy technologies, as well as for mobile phones and a number of military applications, like missiles, sonar and range finders on tanks. pp , , g Chao Ning, a Commerce Ministry official, told a conference in Beijing on Saturday that China had sizable reserves of the lighter elements among the 17 rare earth elements. But he said that the country had only 15 or 20 years’ worth of reserves left f medium and heavy rare earths and that it needed to conserve these Light rare of medium and heavy rare earths and that it needed to conserve these. Light rare earths are used in lower-technology applications like oil refining and glass manufacturing, while medium and heavy rare earths are used more in clean energy and military applications.
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AEM 250 Lec 30 Hotellings Rule 110510 - China Plans to...

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