European Union disappointed at Beijing’s new quota on rare earth material

Article by Christian A., on July 15, 2011

The European Union was disappointed at the new quota of Beijing for rare earth material, which is essential to producing batteries for hybrids and electric vehicles. According to EU trade spokesperson John Clancy, the quota did not change the annual amounts allowed for export to Europe.

The quota was announced on Thursday. Clancy further disclosed that China had added ferro-alloys to the quota, which in practicality, results in a tightening of the limits.

Moreover, Clancy stated that EU continues to encourage the authorities in China to review their export restrictions policy to make sure that there is full, predictable, fair and non-discriminatory access to rare earth supplies and other raw materials for EU industries.

China announced a batch of quotas on Thursday for exports of rare earths for 2011 during a visit of EU's trade negotiator to Beijing and just a week after the World Trade Organization ruled against its limits on a different combination of raw materials.

The ruling of WTO that China had breached trade law by limiting foreign sales of eight raw materials led the United States and Europe to say that meant Beijing should also be forced to increase exports of 17 rare earths.

China accounts for about 97 percent of international output of rare earth minerals vital to worldwide electronics, defense and renewable energy industries. The country’s export quotas have choked off international supplies, bolstered prices and angered the trading partners of China.

Peter Tyroller, the board member in charge of sales and marketing at Robert Bosch GmbH, informed Automotive News Europe Congress last month that he is concerned about the price of rare earth materials.

Topics: europe

If you liked the article, share on:

Pin It

Comments

Recommended

It’s quite safe to say that this generation marks the rise of the electric cars. For the past few years, automakers have been very busy trying to find the perfect...
by - March 28, 2017
Want to go for a sportier look, but don’t have enough cash to burn? Good news for future Ford Edge buyers, as the 2018 model year will have an optional...
by - March 28, 2017
Audi refreshes its portfolio as its go-faster division officially announces the release of six new RS models by the end of 2018. That’s quite a huge number of cars to...
by - March 28, 2017
Has Toyota started the production of a new electric supercharger? Well, a patent that was recently published indicated that they might have. And this electric supercharger looks more durable and...
by - March 27, 2017
The Tesla Model S has finally arrived in South Korean soil and is now available for test drive. But, there’s a catch. You’ll have to wait several months if you...
by - March 27, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries