The global high-tech materials may be left without

The global high-tech materials may be left withoutChina stopped the supply of rare earth metals to the United States and Europe. About this newspaper The New York Times, citing its sources. In the past month, according to the publication, were frozen supplies of metals in Japan. In this case, the official Beijing still claims that there is no embargo on the export of strategic minerals were not introduced.

Now China produces 95 percent of the world's rare earth metals. Among them, in particular samarium, terbium, lanthanum, lutetium, thulium, and others. They are necessary for the production of high-tech products, including weapons, electronic equipment, wind turbines, as well as lasers and mobile phones.

In early August of this year, the Chinese government decided to drastically reduce export quotas for the seventeen rare earth metals on the entire second half of 2010. The volume of quota reduction was 72 percent. Meanwhile, China is considering to reduce quotas for rare metals and in 2011 – allegedly by 30 percent.

Representatives of the United States Trade Board has noted that the freezing of the supply of rare metals China is such an important issue for the global industry that it needs to be discussed at the November G20 summit in Seoul. In addition, the United States intends to appeal to the World Trade Organization, to find out whether China has violated its rules.

In fact, rare earth metals are found in many other countries, but the development of relevant fields – a long and expensive.

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