The United States Will Issue &Nbsp On Rare Earth Issues At The G20 Summit, Focusing On China'S Export Restrictions.

In the early October,

Us clean energy technology companies do not appear to have disrupted supply of rare earths.

Gibbs, 26, said the US government is "monitoring" the current shortage of rare earth supply and is concerned about whether China is slowing the export of rare earths.

Gibbs said that taking into account the safety and economic significance of rare earth reserves, the United States will put forward the issue of rare earth on the G20 summit.

Diana Bauer, head of the US Department of energy's key metals task force, said on the 25 day that no us clean energy technology company had suffered any disruption in rare earth supply.

However, she said that some clean energy companies expressed concern about China's possible control of rare earth exports in the future.

The United States ranks first in the world in rare earth consumption and once was the world's leading producer of rare earth elements.

But because of environmental and cost considerations, no more rare earth has been mined. The last rare earth mine in the United States was closed in 2002.

Japan and the United States rare earth "can not enter"

According to the Japan economic news, Japan and the United States have carried out "unofficial" discussions, and will submit to the World Trade Organization (WTO) about China's export restrictions on rare earths.

But Rami, director general of WTO, said WTO had no right to deal with such raw materials.

German economic minister Bruederle said 26 days that the free trade agreement must apply to all commodities, especially rare earth resources.

If any country wants to maintain its activity in the international market, it must open the local market at the same time.

The Federation of German industries also called for cooperation between the United States and Europe on the same day to reduce dependence on China's rare earths.

Industry analysts pointed out that rare earth, as a very important strategic resource, has no reason to implement free trade. China must firmly identify its strategic advantages while firmly grasping its own advantages. At the same time, it should purchase dilute metal as a strategic reserve and use it to maintain value and increase value.

China's rare earth production accounts for about 97% of the world's total, while rare-earth reserves account for only 36% of the world's total 99 million tons of reserves.

Due to lack of control, a considerable portion of China's rare earths are sold to the United States, Japan and European countries at a low price.

In 2008, China's rare earth mining capacity was about 120 thousand tons, accounting for 97% of the world's total output.

Countries such as the US and Japan store imported rare earths for future needs.

In 2009, the United States had 13 million tons of rare earth reserves, accounting for 13% of the world's total reserves and zero output. The amount of rare earth imports in Japan was about 30 thousand tons, and the output was also zero.

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Prices of rare earth stocks soared

Keyser's bottom fish website statistics show that by the end of 2008, the number of rare earth stocks in the United States has increased by 12 times, and in the past month it has increased by 35% over the last month. According to the statistics of California's bottom growth website,

John Kaiser, a global mining analyst at Keyser's bottom fish website, warned that the price of rare earth has risen rapidly in such a short period of time and has already filled the bubble. "Now the rare earth market is like the network industry in 1990s."

Keyser pointed out that some rare earth companies have so far been part of the feasibility study phase of the project, and they may not be able to put them into production at all, but their stocks have also soared.

According to the financial times, the stock price of rare element resources listed in New York in the past four weeks has risen 135%, and has risen by 300% since the beginning of this year.

In 2009, the company had only two full-time employees and was expected to start production in 2015.

Cara, chief executive officer of Neo material technology, a rare earth company in Toronto, said: "when the bubble burst in the rare earth industry, I am afraid there will be tears."