Wen: No bias in rare earth supply
Source: Xinhua |
February 4, 2012, Saturday
|
Print Edition
Print Edition
CHINA'S premier yesterday said the country does not discriminate against foreign companies in terms of rare earth supplies, stating that policies and quotas for both domestic and foreign companies are the same.
Premier Wen Jiabao made the remarks while meeting with Chinese and German businessmen on the sidelines of a visit by German Chancellor Angela Merkel in Guangzhou, capital of south China's Guangdong Province.
Wen said China's previous lack of environmental protection and sustainable development resulted in the excessive exploitation of rare earth metals, which were then sold for low prices.
"Although we now know that we must develop rare earth metals sustainably, we can still afford to meet 90 percent of global demand with less than 50 percent of the world's reserves," Wen said.
He said Chinese and foreign companies face the same standards in terms of environmental protection and ecological sustainable development.
Rare earth metals are a group of 17 elements that are widely used in high-tech products.
China's rare earth metal export quota for 2012 has been largely unchanged from that of 2011. The country's rare earth metal exports totaled 14,750 tons during the first 11 months of 2011, meeting just 49 percent of that year's quota.
Premier Wen Jiabao made the remarks while meeting with Chinese and German businessmen on the sidelines of a visit by German Chancellor Angela Merkel in Guangzhou, capital of south China's Guangdong Province.
Wen said China's previous lack of environmental protection and sustainable development resulted in the excessive exploitation of rare earth metals, which were then sold for low prices.
"Although we now know that we must develop rare earth metals sustainably, we can still afford to meet 90 percent of global demand with less than 50 percent of the world's reserves," Wen said.
He said Chinese and foreign companies face the same standards in terms of environmental protection and ecological sustainable development.
Rare earth metals are a group of 17 elements that are widely used in high-tech products.
China's rare earth metal export quota for 2012 has been largely unchanged from that of 2011. The country's rare earth metal exports totaled 14,750 tons during the first 11 months of 2011, meeting just 49 percent of that year's quota.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
