US, Japan and EU File Trade Disputes against China

As the US and world economy heats up, demand for Rare Earths are rising and those who hold the cards controls the game. This morning, the United States, Japan and the European Union formally requested consultations with China under the WTO?s dispute settlement system concerning China?s restrictions on the export of various rare earths. The challenge targets raw materials including 17 rare earths including cerium, neodymium and dysprosium, as well as tungsten and molybdenum. These elements and metals are used in high-tech businesses including cars, machinery manufacturing, chemicals and steel.