LYNAS - Faktenthread, Analysen, Querverweise u. Meldungen zum Unternehmen (Seite 304)

[Optimist_]

Da ich auch Vestas als Investment und Unternehmen sehr interessant finde, verfolge ich auch die Entwicklung dort. Das hat mich auf die Idee gebracht mal bei Vestas nachzufragen ob sie für die neuen Offshore Turbinen Permanentmagneten aus Neodymium einsetzen. Folgende Antwort bekam ich jetzt nach ca. 3 Wochen (also es geht um Windenergie):

Dear ....

I have been in contact with one of our product managers who works with offshore turbines. He gave me the following answer for you:

Vestas is continously assessing the feasiblility of different technical solutions for wind turbines and wind power plants, including different drive train solutions both with and without gearboxes.

Vestas has recently released the new V112-3.0 MW for the offshore market. The V112-3.0 MW has a gearbox and a permanent magnet generator wich also contains neodynium magnets. The turbine has been developed with special focus on high yield, reliability and robustness and Vestas is convinced that it will provide very competitive lifetime cost of energy for the offshore wind power pants.

Please also see:

http://www.vestas.com/en/wind-power-plants/procurement/turbi…

Also wenn das keine guten Nachrichten sind!

Die offshore-Windanlagen boomen so sehr, deshalb noch ein paar mehr Links. (Lynas will be a big thing soon!)

http://www.vestas.com/en/wind-power-plants/procurement/turbi…

http://www.vestas.com/en/media/news/news-display.aspx?action…

Diese laufen merhheitlich mit Siemens-Windanlagen.

http://www.dongenergy.co.uk/Wind_energy/UK_projects/Pages/UK…

http://www.londonarray.com/planning/london-array-consents-pr…

http://www.dongenergy.com/Gunfleetsands/GunfleetSands/AboutG…

http://www.dongenergy.com/Nysted/EN/Pages/index.aspx

http://www.welt.de/wirtschaft/article5781947/Windkraft-Gross…

http://news.cnet.com/8301-11128_3-20003849-54.html

http://www.gepower.com/prod_serv/products/wind_turbines/en/d…

[websin]

Antwort auf Beitrag Nr.: 39.660.918 von Fuenfvorzwoelf am 10.06.10 10:44:54

Schließe mich dem Dank an

[Fuenfvorzwoelf]

Antwort auf Beitrag Nr.: 39.660.716 von JoJo49 am 10.06.10 10:23:02

Vielen Dank JoJo! Für die Antwort und deine ganze Recherche dazu!!!

[JoJo49]

Antwort auf Beitrag Nr.: 39.660.352 von Fuenfvorzwoelf am 10.06.10 09:42:33

Da brauchst du dir keinen Kopf machen.
Die Vorverkaufsverträge sind so ausgelegt, dass diese entsprechend den Marktpreisen, ab Produktionsbeginn/Lieferbeginn einsetzen.

Laut dem Udate von Lynas vom 20th April 2010 Lynas Rare Earths Project Update - http://stocknessmonster.com/news-item?S=LYC&E=ASX&N=487810 - rechnet man bis zum Produktionsbeginn mit Ausgaben in Höhe von 407,32 Mio AUD, dem gegenüber stehen derzeit rund 417 Mio AUD Cash.
Damit ist alles im Lot.
Sollten sich für das ramp up eventuell kurzfristig weitere Kosten ergeben (um die 25 Mio AUD), so ist laut Lynas, dieser Kapitalbedarf problemlos bei einer Bank sicherzustellen.

Der zu erwartende Produktionbeginn wurde verschoben von Q2 2011 auf Anfang Q3 2011, also IHMO kaum erwähnenswert.



Grüsse JoJo

[Fuenfvorzwoelf]

Antwort auf Beitrag Nr.: 39.660.297 von JoJo49 am 10.06.10 09:36:06

Hi Jojo,

sehr schöne Präsentation, habe mir das eben mal angeschaut. Auf einer Seite sieht man auch den Fortschritt der Baustelle in Malaysia.

Allerdings macht mich stutzig, wie Lynas das alles bis Ende des Jahre fertigstellen will! Ich kann mir nicht vorstellen, dass Lynas den Zeitplan einhalten kann, nach dem, was man auf den Bildern so sieht. Ich rechne mit einer Verzögerung von möglicherweise Monaten, wenn ich mir das so anschaue. Daraus ergäbe sich dann sofort die Anschlussfrage: Was passiert, wenn die Lieferverträge nicht eingehalten werden können? Muss Lynas dann Strafe bezahlen? Weißt du zufällig, was in den Verträgen dazu drin steht?

[JoJo49]

Mal wieder eine sehr ausführliche und invormative Präsentation die u.a. klar darstellt das es auf den Baustellen zügig und planmäßig vorangeht.
Dabei wird auch aufgezeichnet, dass Lynas mit Produktionsbeginn einen weltweiten Markt bedient der nach REO hungert und klar macht, dass die weltweite Nachfrage nach REO über Jahre nicht befriedigt werden kann.

Grüsse JoJo


http://stocknessmonster.com/news-history?S=LYC&E=ASX
LYC Lynas Corporation Limited
June 2010
10th Lynas Presentation - JP Morgan China Conference 10 June 2010
http://stocknessmonster.com/news-item?S=LYC&E=ASX&N=493860
Rare Earth Metals
The Key to 21st Century Technologies
June 2010Lynas Corporation Limited ACN: 009 066 648

...
...
S.17
-17-
Mineral scarcity – it not about size of resource, it
is about production!
Source: Lynas research
 Shortages occur when supply as a function of time can no longer keep up
with demand as a function of time
 The ultimate recoverable resource in the ground is irrelevant in this respect
 We have reached this point in the Rare Earths industry
 Current resources are struggling to maintain production
 Growth forecasts are greater than new supply coming to market
 Mineral scarcity is expected to be an aspect of this industry for at least the
next five years
 There are insufficient well advanced new projects in the pipeline
 Lynas – Mount Weld
...
...

S.19
-19-
Raising funds for Rare Earth projects take time

► Lynas had over US$200 million of debt finance arranged in 2008
► GFC resulted in loss of bank finance
► In May ’09 Lynas announced a deal with China NonFerrous Metal Mining
Corporation to invest in the company and provide finance for the project
► On 24 September 2009, Lynas announced that CNMC had terminated its
proposed equity investment in Lynas because of additional undertakings
sought by the Australian Government’s Foreign Investment Review Board
► Following the termination of the CNMC deal, Lynas entered into discussions
with JP Morgan to raise funds via an equity placement to existing and new
shareholders
► A$450 million has been received by the company and is being used to fund
the completion of Phase 1 of the Rare Earths Project
...
...

[JoJo49]

Nichts neues aber IHMO eine schöne aktuelle und informative Übersicht.

Grüsse JoJo

Lynas Corporation Limited.Lynas Corporation

Limited's (ASX: LYC) vision is to be a global leader in Rare Earths for a sustainable future; a vision realised by the passion and practices of our people.

Lynas is an ASX listed company, with the strategy to create a reliable, fully integrated source of Rare Earths supply from mine through to customers, and to become the benchmark for security of supply and environmental standards in the global Rare Earths industry.

Lynas owns the richest deposit of Rare Earths in the world at Mount Weld, Western Australia. Project development has commenced, with the first mining campaign completed and two processing plants underway. All necessary approvals required for project development have been received, the project is funded and production will commence in 2011.


http://www.proactiveinvestors.com.au/companies/news/7706/lyn…

Tuesday, June 08, 2010

Lynas Corporation reports Rare Earths price at Mt Weld hits new high
by Jeff Coote

Lynas Corporation (ASX: LYC) has reported a new price high of US$16.56/Kg was reached on 7 June 2010 for the average Mount Weld Rare Earths composition on a FOB China basis.

This news bodes well for Lynas as it owns the richest deposit of Rare Earths in the world at Mt Weld, 35km south of Laverton in Western Australia.

A feasibility study has been completed on the Rare Earths deposit and all Australian approvals required for project development have been received.

The new price high reinforces the value of the Mount Weld Rare Earths resource and the two plants currently under construction; the Concentration Plant in Western Australia and the Advanced Materials Plant in Malaysia.

Lynas has received the environmental and municipal approvals from the Malaysian authorities for the Plant in the Gebeng Industrial Area in Kuantan.

Lynas is on schedule to start production as planned early in the third quarter of 2011, offering the first significant source of new supply of Rare Earths outside of China.

China has recently announced that only a few select State Owned Enterprises will be allowed to mine Chinese Rare Earths resources.

According to the Chinese Society of Rare Earths, “the mineral is very much undervalued because of over-exploitation and improper management. So the latest proposal is critical and will benefit the whole industry.”

In March the Ministry of Land and Resources stopped issuing new licences until 30 June 2011 ans has capped this year's production at 89,200 tons, up 8.36% year-on-year.

The Chinese Government is tightening the controls within China to enforce the production quota system and decreasing mining which was occurring in breach of this production quota system, according to recent news reports.

Rare earth prices are only up 20% since 1979 despite demand that has tripled in the past decade.

Lynas Corporation has anticipated the increase in prices as demand continues to recover strongly in 2010.

Demand is further demonstrated by the 230% increase in Japanese Rare Earths imports in April 2010 from a year earlier, the second month in a row Japanese imports have increased significantly year-on-year.

The price high for the average Mount Weld composition prior to the global slow down in 2008/2009 was US$15.41/kg in the first week of July 2008.

Übersetzt: http://translate.google.com/translate?js=y&prev=_t&hl=de&ie=…

[JoJo49]

Betreff: Mount Weld Rare Earths Composition Price Reaches New High
Datum: 07.06.2010, 11:31

New Lynas Announcement

Mount Weld Rare Earths Composition Price Reaches New High

Lynas Corporation Limited (ASX: LYC) is pleased to announce a new price high of US$16.56/Kg was reached on 7 June 2010 for the average Mount Weld Rare Earths composition on a FOB China basis.

China has recently announced that only a few select State Owned Enterprises will be allowed to mine Chinese Rare Earths resources, “The mineral is very much undervalued because of over-exploitation and improper management. So the latest proposal is critical and will benefit the whole industry”, according to the Chinese Society of Rare Earths which noted that prices are only up 20% since 1979 despite demand that has tripled in the past decade.

In March the Ministry of Land and Resources capped this year's production at 89,200 tons, up 8.36% year-on-year, but it has also stopped issuing new licences until 30 June 2011. There have been recent news reports that the Chinese Government is tightening the controls within China to enforce the production quota system and decreasing mining which was occurring in breach of this production quota system.

The increase in prices has been anticipated as demand continues to recover strongly in 2010. The Japanese Ministry of Finance recorded Japanese Rare Earths imports increased by 230% in April 2010 from a year earlier, the second month in a row Japanese imports have increased significantly year-on-year.

The price high for the average Mount Weld composition prior to the global slow down in 2008/2009 was US$15.41/kg in the first week of July 2008. The new price high reinforces the value of the Mount Weld Rare Earths resource and the two plants currently under construction; the Concentration Plant in Western Australia and the Advanced Materials Plant in Malaysia. Lynas is on schedule to start production as planned early in the third quarter of 2011, offering the first significant source of new supply of Rare Earths outside of China.

For more information, please visit our website: http://www.lynascorp.com or email: [e-mail]
-----------------------------------------------------------------------------------------------------------------------------------------------

http://oakshirefinancial.com/2010/06/04/what-the-future-of-r…

What the future of rare earth metals could mean for Toyota (NYSE:TM)
06/04/10 by Guest Contributor
Filed under Bourbon & Bayonets
Earlier this year our team at Pinnacle went on a rant about rare earth elements and an impending supply crisis.

The rare earth sector, in our opinion, must be capitalised on by all investors as there will be more profitable opportunities in this commodity space over the coming years than perhaps any other. And you can thank China for this…More on that later.

Rare earth elements are not just a commodity with simple supply and demand imbalances, but are at the very core of an energy revolution. The renewable energy industry is exploding and it cannot exist without rare earth elements. The renewable energy sector relies heavily (and solely in many cases) on the availability of rare earth elements. Just as fossil fuels have been central to our economies and industries over the past two hundred years, renewable energy will be for the next two hundred years.

The way in which we create energy to power our homes and move our vehicles is changing. The ‘writing is on the wall’ and being supported by every government in both the developed and developing world. The race to reduce carbon emissions and promote more efficient clean energy is on. Electric vehicles, wind turbines, cell phone power sources, flat screen TV’s and hundreds of other products are leading the demand increase for rare earth elements.

Let us be very clear that there is too much market (consumer level) and political demand for the renewable energy revolution to be derailed. The shift is happening and it will not be stopped.

When you hear renewable energy, think rare earth elements as they go hand in hand.

In case you aren’t aware of what exactly rare earth elements are, don’t panic, very few investors do. For that reason, we have included a prior report on exactly what rare earth elements are and strongly encourage you to read it by clicking here.

What investors need to understand is the difficulty the world currently has in meeting the market’s growing demand for rare earth elements. There will be countless investment opportunities that will thrive because of this. Understanding why we are short of supply, and the likely event that prices will skyrocket for rare earth elements, is crucial.

China currently supplies upwards of 97% of the world’s demand for rare earth elements – a staggering and potentially very dangerous situation. This has not always been the case. The Mountain Pass Mine in California once produced close to 40% of global production and supplied the entire western world with rare earth elements. It closed in 2002 because of China’s ridiculously low production costs, due to zero health or environmental regulations.

Rare Earth Production

Just recently, China has been keeping more rare earth elements at home to satisfy its own demand and has been implementing higher taxes on the exportation of the resource. Combine this dangerous supply dependence on China with the fierce emergence of the global renewable energy sector and we have a situation where we MUST find new domestic sources of rare earth elements or become dependent on a communist nation for our supply.

The situation has become so dire that in a few years, worldwide demand for rare earth elements is expected to exceed supply by 40,000 tonnes annually; unless major new sources are developed.

China has already shown what it can do when it controls the world’s supply of a particular rare earth element. Over the past five years, neodymium, a rare earth element used in rechargeable batteries, has shot up almost 400%. This uncontrollable price increase can be blamed on China controlling the production of the rare earth as well as an increasing appetite for it. This is what we meant by a dangerous situation. You’re probably wondering why you haven’t heard about neodymium before this report. As we continue to run low on supply of rare earths you’ll likely hear a lot more about it as its price continues to skyrocket.

Rare earth elements are very strategic in nature. It is not farfetched to assume that if a steady, reliable source of rare earth elements are not found, wars could eventually be fought over them. The US Department of Defense is very concerned as Chinese made magnets (made from rare earth elements) are currently present in every weapons guidance system, every fighter jet, not to mention every modern day communication device. As the United States falls deeper into debt with China, the lack of supply of these rare earth elements becomes more of a delicate and troublesome situation.

Wars have been fought over oil. Rare earth elements, in our view, have the potential to become the new oil.

New rare earth element discoveries must be made in North America. Unfortunately time is not on our side as demand for rare earth elements is increasing by the day.

From a supply side, the rare earth element story is looking scary. However, this situation has created a sector that will provide investors with tremendous opportunities to potentially bag 10 or even 20 times their money on a company who can find an economic rare earth discovery. This is every prospectors dream. We all want to be involved in a play before it makes that next major discovery and that is what we have set out to find…

More on rare earth elements:

There are thousands of applications and uses for rare earth elements. The most strategic and time sensitive applications lie within the military. In terms of capital and the main driving force behind the increased demand, look no further than the electric car. These new vehicles will be whatelectric car drives rare earth elements for many years to come.

Every Toyota Prius has roughly 2 kilograms of neodymium in its motor generators. A completely electric vehicle will need much more than this.

The car market is entering a period of exponential growth as emerging markets around the world begin to increase the number of drivers per capita dramatically (led by China). Major car manufacturers, including Nissan and Toyota (NYSE:TM), are coming out with 100% electric vehicles in 2011.

Neodymium* is worth $43 dollars per kilogram. You can expect that price to continue to rise with the plans Nissan and Toyota have for 2011.

Jack Lifton, an independent commodities consultant and strategic metals expert, calls the Prius “the biggest user of rare earths of any object in the world.”

Mr. Lifton went on to explain that, each electric Prius motor not only requires neodymium, but each battery uses 10 to 15 kg (22-33 lb) of lanthanum (another rare earth element). That number will nearly double under Toyota’s plans to boost the car’s fuel economy, he said.

Toyota has reported that it plans to sell 180,000 Prius cars in the United States alone in 2010. The company forecasts sales of 1 million units worldwide per year starting in 2010.

Japan, fearful of losing its heavy tech and car industries, has begun nervously stockpiling reserves of rare earth elements. This is significantly adding to the strain of supply on rare earth elements across the globe. It is thus easy to understand the powerful position in which China finds itself in this situation.

Jack Lifton recently commented on the rare earth market in a recent interview by the BBC. He explained that China has plans to increase its wind turbinerenewable electricity tremendously and has announced construction of an additional 120 gigawatts of wind generated electricity by 2020. This means that Chinese production would have to double just to meet Chinese demand for the magnets needed in these wind turbines.

You can listen to the interview by visiting this url: http://www.bbc.co.uk/programmes/b00scy0d

China is currently supplying the entire world with rare earths. If its output has to double just to supply itself, what are the chances there will be any left for the rest of the world?

Imagine the potential market cap increase for a company if it was to define a domestic, mineable source of rare earth elements. We are confident that rare earth elements are entering a decade long period of heightened demand and significant price increase. During this time, there will be stories of wealth created by investors who found a rare earth exploration company before it made its major discovery. Our goal is to be one of those investors.

The market is hungry for a domestic supply of rare earth elements and speculation is rampant in junior explorers. There is a lot of big money flowing into this arena. Even a discovery years away from production will be rewarded by the marketplace as the world’s short and long term supply of these ‘precious’ rare earth elements remain in question.

Within one week our team will be announcing our new Featured Rare Earth Company. This is a company with historical rare earth element results that compare favourably with those found in the richest heavy REE deposits in the world.


Übersetzung: http://translate.googleusercontent.com/translate_c?hl=de&ie=…


@ eine erfolgreiche Woche


Grüsse JoJo

[JoJo49]

http://treo.typepad.com/raremetalblog/2010/06/media-china-ti…

Wednesday, June 02, 2010
MEDIA: China tightens stranglehold on rare earth minerals

June 2, 2010 -- (Source: Telegraph.co.uk by Peter Foster) -- Mining rights for the 17 rare earth elements will now be restricted to only a handful of Chinese state-controlled mining companies, according to a draft proposal submitted this week for approval to China’s State Council, or cabinet.

The move comes just six months after China - which produces 95pc of the world’s rare earth metals - capped production levels for 2010 and imposed a moratorium on all new mining licenses until June 30, 2011.

The increased restrictions, reported by the state-run Xinhua news agency, are likely to deepen international concerns that China is unfairly hoarding its reserves of rare earth metals and other key raw materials at a time of rising global demand.

The 17 elements from the middle of the Periodic Table are used in magnets, lasers, computer monitors, fibre-optic cables, cell phones, ceramics, stainless steel and are also essential for the on-going development of green technologies, such as low-energy light bulbs, wind turbines and batteries for hybrid and electric cars.

In a separate case, the US, the EU and Mexico has already taken legal action at the World Trade Organisation (WTO) against Chinese import restrictions on nine key raw materials nine key raw materials including coke, bauxite, fluorspar and magnesium.

With trade relations already fraying, experts have warned of the potentially damaging consequences of a further confrontation if developed countries now follow up with a WTO legal action against China’s rare earth metal restrictions.

Developed countries, including the US, are almost totally reliant on China for rare earth metals after years of cheap Chinese exports in the 1980s and 1990s rendered Australian and American rare earth mines uneconomic.

China says that its restructuring of the rare earth mining industry is intended to conserve reserves and maintain prices after years of over-exploitation that has damaged the country’s environment.

“Once approved, the Ministry of Land and Resources (MLR) will issue licenses and start allocating the resources to those companies," an anonymous official told the state-run China Daily newspaper, “Private enterprises can only collaborate with the selected firms through shareholding.”

Zhang Anwen, deputy secretary-general of the Chinese Society of Rare Earths, added that the new rules would “benefit the whole industry” after years of over-exploitation and improper management of the resource.

However a report prepared by the WTO for China’s two-yearly Trade Policy Review questioned whether China’s restrictions on the export of an increasing number of raw materials were legal under WTO rules.

The restrictions produced lower input prices for Chinese manufacturers, giving them a “competitive advantage” over firms sourcing on the world markets, the Geneva-based WTO secretariat said.

Metal industry analysts said the Chinese move on rare earth metals would push up prices in the short to medium term, but would also spur rare earth mining and exploration outside China, with the US, Australia and Vietnam currently looking at bring fresh deposits on stream.

“China is doing two things with this policy,” said Nigel Tunna, managing director of Metal Pages, an industry information provider, “they are protecting against foreign ownership of strategic resources and at the same time creating incentives for foreign companies to bring their manufacturing plants to China.

“The broad picture here is that the West has grown used to enjoying cheap raw materials over the last few decades, but is going to have to get used to the fact that prices will be going up as countries scramble to secure finite resources.”

The complaints against Chinese hoarding of raw materials comes against the background of a growing chorus of complaints for US and EU businesses and diplomats over China’s increasing use of back-door protectionism.

Both the EU and the US ambassadors to the WTO warned following the publication of the WTO report that China’s market liberalization had slowed appreciably over the last three years, despite frequent Chinese government protestations that it was committed to trade liberalization.

Michael Punke, the U.S. ambassador to the WTO, said liberalization began to slow in 2006 and had continued to worsen over the past two years. “China has demonstrated a highly selective interest in continuing to open its market more fully and fairly to foreign participation,” he added.

John Clarke, the EU Ambassador to the WTO said China had employed “a large number of non-tariff barriers and a burdensome regulatory process” in order to protect its own industries and prevent foreign business having equal access to the market place.

“We see clear signs of reform stagnation in China: one of the clear indications is the fact that we are raising today very similar concerns to those already expressed during China's last Trade Policy Review in 2008,” Mr Clarke said in his statement.

Übersetzungen:http://translate.google.com/translate?js=y&prev=_t&hl=de&ie=…

Mittwoch, 2 Juni 2010
NEWS: Neo Material Technologies kündigt reguläres Rückkaufangebot
http://translate.googleusercontent.com/translate_c?hl=de&ie=…


Grüsse JoJo

[JoJo49]

http://news.xinhuanet.com/english2010/business/2010-06/02/c_…


China tightens controls on rare earths

2010-06-02 13:33:40

BEIJING - Strategic rare earth minerals will only be mined by a few select State-owned enterprises (SOEs) as part of the government's bid to crack down on illegal exploitation and consolidate reserves, according to sources close to the matter.

The Ministry of Industry and Information Technology and the National Development and Reform Commission have sent the draft plan to the State Council for approval.

"Once approved, the Ministry of Land and Resources (MLR) will issue licenses and start allocating the resources to those companies," said a source, who refused to disclose names of the short-listed enterprises. "Private enterprises can only collaborate with the selected firms through shareholding."

The restructuring will make the industry focus on more valuable ion-absorbed type rare earths in the southern parts of the country.

China produces 97 percent of global supply of rare earths that are composed of 17 elements and are indispensable in many high-tech arenas ranging from wind turbines and hybrid cars to missiles and mobile phones.

But the minerals' price rose by only a little more than 20 percent from 1979 to hit an average of $8,500 per ton in 2009 despite soaring demand that has tripled to 120,000 tons in the past decade.

"The mineral is very much undervalued because of over-exploitation and improper management. So the latest proposal is critical and will benefit the whole industry," said Zhang Anwen, deputy secretary-general of the Chinese Society of Rare Earths.

The MLR announced in March that production of rare earths will be capped at 89,200 tons in 2010, up 8.36 percent from 2009. The government has also stopped issuing new licenses for domestic exploitation of rare earths until June 30, 2011.

Analysts and industrial experts said that Inner Mongolia-based Baotou Steel Rare-Earth High-Tech Co is likely to monopolize reserves of light rare earth elements in the autonomous region. The company controls most of the rare earth resources in the northern parts of the country.

China Minmetals Co and Aluminum Corporation of China are likely to control the major reserves of middle and heavy rare earths in Jiangxi province, while Jiangxi Copper Corporation and China Nonferrous Metal Industry's Foreign Engineering & Construction Co are likely to control the reserves in Sichuan and Guangdong provinces respectively.

Figures from the US Geological Survey show that China's basic reserves of rare earths reached 89 million tons of REO (rare earth oxides) in 2008, accounting for 59.3 percent of the world's total.

Some developed countries, such as the United States, which holds 15 percent of the world's reserves, almost entirely depend on imports from China because they have long stopped exploitation. China's recent move to consolidate the industry to prevent excessive tapping of the strategic resource, which would lead to reduced exports, has sparked discontent in the West.

In a report prepared by the World Trade Organization (WTO) for China's two-yearly trade policy review that started on Monday, the global trade arbitrator questioned the legality of curbs on exports of some raw materials.

But Chinese experts said China's move does not violate WTO rules and is aimed at legally protecting its resources.

"WTO rules stipulate that its members can take measures to protect their raw materials from being exhausted, and China's measures are in line with them," said He Weiwen, managing director of the China Society for World Trade Organization Studies.

China's move is "proper" according to WTO rules, said Tong Zhiguang, former vice-minister of commerce and former chief WTO negotiator.

(Source: China Daily)

Editor: Lin Zhi

Übersetzung: http://translate.google.com/translate?js=y&prev=_t&hl=de&ie=…

http://translate.googleusercontent.com/translate_c?hl=de&ie=…

http://translate.googleusercontent.com/translate_c?hl=de&ie=…


Grüsse JoJo