(0218 CR M10)REGULATION ON RARE EARTH EXPORT

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(0218 CR M10)REGULATION ON RARE EARTH EXPORT DATELINE: Feb. 18, 2011 LENGTH: 00:01:39 PKG INTRO China's Commerce Ministry said Thursday the country will further regulate rare earth exports and crack down on smuggling of rare earth minerals. China Report has the details. PKG A spokesman with the ministry says China's policy on rare earth exports will be made in line with WTO rules. The spokesman says last month China exported 35,000 tonnes of rare earth from January to November last year, up 14.5 percent from a year earlier. China is the world's largest rare earth producer and exporter. Ninety percent of the world's mined rare earth coming from the country, though its deposits account for one third of the world's total. Surging global demand for rare earth is crucial in the production of components used in a variety of high-tech products such as consumer electronics. The ministry's comment comes a day after China's State Council, or the Cabinet, said China will look to st Powered by www.newslook.com Producer : Xinhua News Agency

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