China Seeks Japan Tech in Rare Earth Deals
Source: Reuters, Chang-Ran Kim (9/7/11)
"Demand for rare earths is expected to double in the next five years."
China told Japanese business leaders that it hoped their companies would bring technology to develop rare-earth products to China, while standing by its controversial decision to limit the metals' exports, Japanese media reported.
China produces more than 95% of the world's rare earth metals and its efforts to bring the sector under greater control, citing resource depletion and environmental degradation, have alarmed its overseas customers.
Demand for rare earths—a group of 17 elements used for catalytic converters, battery cells and motors for hybrid cars, among others—is expected to double in the next five years. . .View Full Article