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Post by stayput on Dec 28, 2010 18:28:41 GMT -5
Some believed that the so called tech jobs would get us out of this Depression II. Here's China's answer to you optimists. China's Export Quota Cut Likely to Rile Tech Manufacturers Published December 28, 2010 | Associated Press Print Email Share Comments (733) Text Size BEIJING — China said Tuesday it is reducing the amount of rare earths it will export next year by more than 10 percent — likely to be an unpopular move worldwide since the minerals are vital to the manufacture of high-tech products. China accounts for 97 percent of the global production of rare earths, which are essential to devices as varied as cell phones, computer drives and hybrid cars. Countries were alarmed when Beijing blocked shipments of the minerals to Japan earlier this year amid a dispute over disputed islands. Concerns over China's grip on rare earths has led countries on a hunt for alternative sources. A number of companies in North America — notably Molycorp Inc. in the U.S. and Thompson Creek Metals Co. in Canada — are hurrying to open or reopen rare earth mines. Two Australian companies are also preparing to mine rare earths. Numbers released Tuesday by China's Commerce Ministry show export quotas of the rare minerals will be down 11 percent next year as compared to the same period this year. China usually issues a second batch of quotas during the year, and it is not known how the figures will change later in 2011. The new numbers say China is allocating 14,446 tons of rare earths among 31 companies. China allocated 16,304 tons among 22 companies in the first batch of quotas this year.
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Post by stayput on Dec 28, 2010 18:30:30 GMT -5
China has been reducing export quotas of rare earths over the past several years to cope with growing demand at home. A Commerce Ministry spokesman has also said that China is cutting its exploration, production and exports out of environmental concerns.
Earlier this month, state media reported that China plans to raise duties on some rare earth exports starting next year, but it did not say which minerals would be affected or how much the tax would be.
A state media report Tuesday said China is preparing to set up a rare earths association that would include nearly all of the country's leading rare earth companies, and could help them to coordinate their negotiating position. The report posted on the Sina Corp. portal said the association should be set up in May.
The United States last week threatened to go to the World Trade Organization with its concerns over China and rare earths. When asked for comment during a regular press briefing Tuesday, China Foreign Ministry spokeswoman Jiang Yu declined to answer.
But China has had to address the global concerns numerous times since the spat with Japan.
"China is not using rare earth as a bargaining chip," Wen Jiabao, China's top economic official, told a China-European Union business summit in Brussels in October.
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Post by traelin0 on Dec 28, 2010 18:35:21 GMT -5
Stay Put, how'd you get -4 Karma? We're only Exalting right now...or did you get bombarded right before Smite was disabled?
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deziloooooo
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Post by deziloooooo on Dec 28, 2010 18:42:47 GMT -5
""China is not using rare earth as a bargaining chip," Wen Jiabao, China's top economic official, told a China-European Union business summit in Brussels in October"
Possible they are not, possible they are just looking out for their own interests first, unlike we who gave away so many jobs by allowing out sourcing with no concerns of the consequences. I am not saying we could stop private companies from going abroad to get lower cost productions, yet if it means it hurts our own people, weakens out own economy, permanently in many industries, never to come back, shouldn't more thought have been given to the consequences? Instead of embracing and encouraging, possible tariffs, tax incentives for companies who stayed here with their manufacturing at least have been considered? In other words , do what others do, look out for our own interests first? Our own citizens should have been considered first, isn't that the role of a government? Their responsibilities.? I understand the argument of free trade and possible in the over all big picture , it is the best way, but I still feel the playing field has never been even close to being level, if not as high as Everest then think the lower Rockies...and the American workers have paid the price. The heights of disadvantage are just to high to overcome under the rules we went with. If we had to go into debt , at least if we could/might have kept more if the work here. Gone into this openness a bit slower, see how it was effecting our base and stability. If we had to so some subsidizes, tax relief, then at least there is some benefit to the increase debt if more workers are working. Less collection of benefits and always the opportunity of taxing the ones who are working to get some of that debt back. at the same time , tweaking of the trade rules if we find thy are not working in any way for our benefit too, supposed to be a two way street, but it seemed all roads turned into 'one ways leading away from our shores, with a few little goat trails leading back in.
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Post by stayput on Dec 28, 2010 19:04:05 GMT -5
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Post by traelin0 on Dec 28, 2010 20:12:08 GMT -5
If you post enough, your stars will change on their own.
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Post by stayput on Dec 28, 2010 20:44:21 GMT -5
What about the Karma thing. I can't start out in life with a negative Karma!
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deziloooooo
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Post by deziloooooo on Dec 28, 2010 21:29:39 GMT -5
been there , has done to me..have a positive for the hell of it..some one gave me one or two back in the day, my turn to recipercate
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Post by stayput on Dec 28, 2010 21:54:46 GMT -5
Thanx dez
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Post by stayput on Dec 29, 2010 23:02:31 GMT -5
Wasn't Karma something or other, a song back in the 80's?
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billisonboard
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Post by billisonboard on Dec 29, 2010 23:07:18 GMT -5
<object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/EqP3wT5lpa4?fs=1&hl=en_US"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/EqP3wT5lpa4?fs=1&hl=en_US" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object> Whoops, that didn't work. How did marshbar(?) get a youtube to play?
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Value Buy
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Today's Mood: Getting better by the day!
Location: In the middle of enjoying retirement!
Favorite Drink: Zombie Dust from Three Floyd's brewery
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Post by Value Buy on Dec 29, 2010 23:11:20 GMT -5
<object width="480" height="385"><param name="movie" value=" name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src=" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object> Whoops, that didn't work. How did marshbar(?) get a youtube to play? Knowing Marshabar, she will die with the secret before giving it up to you
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deziloooooo
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Post by deziloooooo on Dec 29, 2010 23:51:49 GMT -5
Knowing Marshabar, she will die with the secret before giving it up to you [/quote] ;D
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Post by stayput on Dec 29, 2010 23:55:32 GMT -5
Poor RDT. He's the only one reading his own posts. ;D
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moon/Laura
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Post by moon/Laura on Dec 30, 2010 0:11:16 GMT -5
How did marshbar(?) get a youtube to play? it's easy bill.. you use the youtube switches.. just remove the * and it works.. [*youtube]http://www.youtube.com/watch?v=EqP3wT5lpa4&feature=related[*/youtube]
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Post by stayput on Dec 30, 2010 0:13:04 GMT -5
That's IT!! Thanks moonbeam! As Ralph Cramden would say........Baby, you're da greatest!
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billisonboard
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Post by billisonboard on Dec 30, 2010 0:22:20 GMT -5
maybe?
EDIT: okay but I have to check to see if I can embed it first right?
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billisonboard
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Post by billisonboard on Dec 30, 2010 0:26:35 GMT -5
moonbeam, Thank you. I will work to not over-use this.
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Post by stayput on Dec 30, 2010 0:38:21 GMT -5
This is a pretty cool option. Now if I can just figure it out.
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Deleted
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Post by Deleted on Dec 31, 2010 16:52:38 GMT -5
Yep-- China can hold out on precious minerals and cause quite a disruption. But, of course, China could do a whole lot of things to cause trouble, legitimately, now can't they?? Because out leaders for way too long now are way too stupid to not let China get control of our business. LOL------------------------ and I am not laughing, not one little bit.
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warsaw (banned)
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Post by warsaw (banned) on Dec 31, 2010 20:09:33 GMT -5
Stop blaming everything on Bush ;D
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handyman2
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Post by handyman2 on Dec 31, 2010 21:11:01 GMT -5
We spent billions in Afganistan and who do they sign a high tech mineral contract with? China. Afganistan has a huge untapped mineral supply.
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