China assures Clinton on rare earth exports

Oct 30, 2010 By MATTHEW LEE , Associated Press
U.S. Secretary of State Hillary Rodham Clinton, right, meets with Chinese Foreign Minister Yang Jiechi during the ASEAN summit Saturday, Oct. 30, 2010 in Hanoi, Vietnam. (AP Photo/Evan Vucci, Pool)

(AP) -- U.S. Secretary of State Hillary Rodham Clinton on Saturday sought and received assurances from China's foreign minister about the country's export of exotic metals key to the global high-tech industry, a U.S. official said.

The official said Clinton raised the matter with Chinese Foreign Minister Yang Jiechi on the sidelines of a summit of East Asian leaders in Vietnam. Clinton "sought clarification on the Chinese government's policy on the export of and received assurances," the official said.

The official, who spoke on condition of anonymity to discuss a private diplomatic conversation, did not specify what the assurances were. But China this week said it would not use the exports of rare earth minerals as a political bargaining chip with other countries.

Recent Chinese restrictions on the sale of rare earths have drawn international concern and prompted calls for nations to diversify the production of the minerals, which are needed to produce items such as cell phones, missiles and solar energy panels,

China now produces 97 percent of the world's supply after most of the industrialized world, including the United States, Japan and Europe, largely abandoned their production in favor of cheaper Chinese exports.

Earlier in Hawaii, Clinton said Chinese export restrictions imposed on Japan in the midst of a deepening territorial dispute were a "wake-up call" for the world to find additional sources of rare earths.

Japanese companies say Beijing has blocked shipments to Japan since Sept. 21 after a Chinese fishing boat captain was detained near disputed islands. The captain was later released but Japanese authorities say supplies have yet to resume.

Explore further: China's Xiaomi raises more than $1 bn in funding

not rated yet
add to favorites email to friend print save as pdf

Related Stories

China says rare earths not a 'bargaining tool'

Oct 28, 2010

(AP) -- China said Thursday it will not use exports of rare earths, exotic minerals required by high-tech industry, as a diplomatic "bargaining tool" while Washington pressed Beijing to clarify its policy following its de ...

Traders: China resumes rare earth exports to Japan

Sep 29, 2010

(AP) -- Beijing has apparently told Chinese companies they can resume exports to Japan of rare earth minerals used in high-tech products but is holding up shipments with tighter customs inspections, two Japanese trading ...

Traders: China halts rare earth exports to Japan

Sep 24, 2010

(AP) -- China has halted exports to Japan of rare earth elements - which are crucial for advanced manufacturing - trading company officials said Friday amid tensions between the rival Asian powers over a territorial dispute.

Recommended for you

China's Xiaomi raises more than $1 bn in funding

7 minutes ago

China's top smartphone seller Xiaomi Corp. is raising more than $1 billion in a fresh round of funding, a move which would raise its valuation above $45 billion, a report said Sunday.

Why the Sony hack isn't big news in Japan

21 hours ago

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Sony faces 4th ex-employee lawsuit over hack

Dec 20, 2014

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

Dec 20, 2014

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

2012 movie massacre hung over 'Interview' decision

Dec 19, 2014

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.