After China’s Rare Earth Embargo, a New Calculus |
| New York Times - Oct 29, 2010 |
When Japanese mineral traders learned in late September that China was blocking shipments of a vital commodity, the word came not from a government announcement but from dock workers in Shanghai.
In Baotou, a smoggy city in China’s Inner Mongolia, the air this week has an acrid, faintly metallic taste. Half of the global supply of rare earths comes from the hills north of the town.
And on Thursday, the traders began hearing that the unannounced embargo of so-called rare earth minerals was ending — again, not from any Chinese government communiqué, but though back-channel word from their distributors.
Throughout the five weeks of the embargo, even when China expanded the rare earth shipping halt to include the United States and Europe, Beijing denied there was a ban.
Read Full Article from New York Times
- Posted: 2010-10-29 21:52:11
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