2019-06-13 10:26:00 Thu ET
technology antitrust competition bilateral trade free trade fair trade trade agreement trade surplus trade deficit multilateralism neoliberalism world trade organization regulation public utility current account compliance
The Chinese Xi administration may choose to leverage its state dominance of rare-earth elements to better balance the current Sino-U.S. trade war. In recent times, President Xi visits a Jiangxi hardware factory that spins rare earth elements into permanent magnets in iPhones, electric cars, wind turbines, and military missiles. China monopolizes 80% of the strenuous extraction of 17 vital rare-earth elements for ubiquitous applications from consumer electronic technology to military defense. Although the raw ores are as common as copper and lead, rare-earth ores oxidize quickly and their extraction can cause severe pollution. With its low labor costs and lax environmental regulations, China has become the dominant force in the rare-earth market since the 1980s. With almost half of global rare-earth deposits, China produces 120,000 metric tons of rare-earth per annum, or about 80% of the global supply. Australia is the second largest supplier of only 20,000 metric tons of rare-earth per year.
The Chinese Xi administration has a strategic incentive to reduce the quota of rare-earth elements for better environmental protection. The next quota reset is due in June 2019, and this reset can indicate whether China intends to leverage its rare-earth quasi-monopoly to counteract the Trump tariff tactic.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2024-03-26 09:30:00 Tuesday ET

Stock Synopsis: ESG value and momentum stock market portfolio strategies Since 2013, we have been delving into the broad topics of ESG (Environmental, So
2019-04-29 08:35:00 Monday ET

IMF chief economist Gita Gopinath predicts no global recession with key downside risks at this delicate moment. First, trade tensions remain one of the key
2017-12-01 06:30:00 Friday ET

Dr Kai-Fu Lee praises China as the next epicenter of artificial intelligence, smart data analysis, and robotic automation. With prior IT careers at Apple, M
2019-10-07 12:35:00 Monday ET

Federal Reserve reduces the interest rate by another key quarter point to the target range of 1.75%-2% in September 2019. In accordance with the Federal Res
2018-10-01 07:33:00 Monday ET

President Trump announces the new trilateral trade agreement among America, Canada, and Mexico: the U.S.-Mexico-Canada Agreement (USMCA) replaces and revamp
2019-06-23 08:30:00 Sunday ET

The financial crisis of 2008-2009 affects many millennials as they bear the primary costs of college tuition, residential demand, health care, and childcare