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Home > Press and Media Service > Spokeperson's Remarks
Spokesperson's Remarks on Rare Earth
2010/11/01

China has 36% of the world’s rare earth deposits, 97% of total rare earth production and more than 90% of all rare earth exports. Mindful of the heavy environmental damage of large-scale rare earth extraction under the existing conditions, China has exercised regulation over rare earth production, mining and trade in line with WTO rules. Such regulation is necessary, as it aims to promote both economic development, environmental protection, resource conservation and national security. Yet China will not cut off supplies. China will formulate a reasonable export quota for 2011 based on thorough studies of rare earth output, international and domestic demand and sustainability. Such regulation of exports of important natural resources is a common practice worldwide.

China does not take rare earth as a bargaining chip. It hopes to work with other countries for mutual benefit and common development, while jointly protecting this non-renewable resource.

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