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Your location：U.S. media said that India will increase the rare
U.S. "Wall Street Journal reported on August 13 that limit the export of rare earth products in China, India embarked on an ambitious plan - to strengthen its rare earth production. Reported that the China of restricting exports of rare earths just to India, the opportunity to make their fill China to restrict rare earth exports to the left "blank".
The report said that India is the world's second largest rare earth producer, the country will also have a large number of rare earth mineral storage. India's state-owned Indian Rare Earth Company is India's eastern state of Orissa to build a rare earth processing plant. The company, an official said the plant will be able to start running in September of this year. According to reports, the company had to suspend its development activities of rare earth in 2004, the reason is unable to compete with China in terms of price. The Indian government is held with the Japanese dialogue, and hope that their investment of rare earth plant in Orissa, but have not yet reached an agreement.
In addition, the Indian government sent two ships, seabed storage conditions of rare earth exploration in the southern Indian coast. Reported that the rare earth reserves of the seabed is very large, but they have not yet industrialized development.
Se Lexi • Nayak, senior officials of the Indian Ministry of Earth Sciences, said: "The prospects are very optimistic about the project is in the exploration stage. We have found a mine area up to 2500 square km.
Reported that the rare earth is a very important ingredient in the modern electronics industry and defense industry. China accounts for about 95% of the total output of rare earth, but since 2010, the United States and other large rare earth consuming countries said that China began imposing restrictions on rare earth production and export, and accused China's move to push the price of rare earth. These countries have accused the Chinese aim is to hope that the foreign electronics and clean energy companies in China to set up factories in exchange for the right to use of the rare earth. WTO in March this year, the United States, Japan and the EU had submitted an application to the other party to commence formal consultations with China on this problem.
China since 2010, began implementation of the rare earth export control, the Western media has repeatedly against Chinese groundless accusations against China has in fact made it clear that the Chinese rare earth to the management and control is necessary. Control of rare earth resources is China's sovereign rights, also in line with the relevant provisions of the WTO, does not violate China's WTO commitments. Restrictions on the export of important natural resources is also a common practice in countries accused China is no justification for countries in this regard.
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