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Japan to join dispute over rare earths

April 6, 2012 at 1:35 PM   |   Comments

TOKYO, April 6 (UPI) -- Japan has decided to join an international effort charging China with manipulating the rare earth market, The Asahi Shimbun reported Friday

Japan, the United States and the European Union will negotiate with China later this month over the issue in Geneva, Switzerland.

Before formally taking on a case for adjudication, the World Trade Organization mandates the parties in a trade dispute try to resolve their issue on their own.

China is expected to deny it is restricting rare earth exports by saying it has cut back on exports for environmental concerns connected to rare earth mining.

So-called rare earths are minerals that have become critical to a number of industries, including electronics, wind turbines and automobiles.

The United States contends China manipulates the market to stifle competition and force companies to move operations to China.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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