Thursday, August 23, 2012

China Increases Rare Earth Quota

This article from AP announcing China's relenting to pressure to increase rare earth exports. We have to question why other countries are not willing to put in or increase their own production. Is environmental degradation acceptable in some countries but not others? While we are debating this question we should ensure that every step to reduce the consumption of rare earth metals have to be explored and adopted.
This brings me to the Power Jockey and battery reconditioning. We have proven that we can double the service life of HV batteries with these methods pioneered by the Battery Clinic. Hybrid and electric cars are set to replace gas guzzling petrol versions as fuel prices escalates. This will increase demand for high capacity batteries and rare earth metal use. This technology developed by the Battery Clinic will stretch out our rare and limited resource a little further.

August 23/08/2012
BEIJING (AP) - China on Wednesday slightly increased this year's quota for rare earths exports under controversial controls on the exotic minerals needed by manufacturers of mobile phones and other high-tech products.
The Commerce Ministry announced an export quota of 9,770 tons for the second half of the year. Added to the quota for the first six months of the year, that brings the 2012 total to 30,996 tons - an increase of about 3 per cent over 2011.
China has about 30 per cent of the world's rare earths deposits but accounts for more than 90 per cent of production. It alarmed global manufacturers by imposing export curbs in 2009 while it tries to build up a domestic processing industry to capture more of the profits that go to US, Japanese and European companies that transform rare earths into mobile phone batteries, camera lenses and other products..........

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