Since 20 10 East China Sea collision, the export volume has been greatly reduced. After 2006, an export tariff of 5%-25% will be imposed on each rare earth element.
The price of 20 10-20 1 1 rare earth has skyrocketed due to China's restrictions on rare earth exports. The technology of Japanese enterprises to reduce usage is becoming more and more popular. Previously, more than 80% of Japanese rare earths were imported from China, but now it has dropped to about 60%. But some raw materials such as dysprosium still depend on China.
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Deng Xiaoping, the chief architect of reform and opening up, once said, "There is oil in the Middle East and rare earth in China". It can be said that this is a very important strategic resource for our country. At the same time, as we said at the beginning, it is also an "industrial vitamin" and its importance is self-evident.
Rare earths are known as "industrial vitamins". Rare earth is the floorboard of 17 special metal elements, ranging from aviation missiles to computer chips. On the other hand, China has long been responsible for more than 90% of the global supply cheaply.
Rare earth is very important, but the development of rare earth has caused a huge burden on resources and environment. Because of this, many countries are used to buying rare earths instead of developing their own domestic resources.
Public trust. China restricts rare earth export quotas. The WTO ruled that we lost the case in the first instance.