China Loses Trade Dispute Over Rare Earth Exports

hina?has lost a dispute at the World Trade Organization over limits on rare earth and?metals?exports, handing Europe and the United States a victory over what they see as Beijing’s unfair trade practices.?China imposed strict rare earth export quotas in 2010, saying it was trying to curtail pollution and preserve resources.?Prices of the prized?commodities?soared by hundreds of percent, and the United States, European Union and?Japan?complained that the export restrictions gave Chinese companies an unfair competitive edge. China said limits on exports of rare earths, as well as the?metals?tungsten and molybdenum, were needed to prevent over-mining. Click here