Entries in Rare Minerals (1)


Obama Pressures China Over Access to Rare Earth Minerals

iStockphoto/Thinkstock(WASHINGTON) -- President Obama Tuesday stepped up efforts to enforce U.S. trade rights with China, announcing new plans to challenge China’s export limits on rare earth and other minerals key to high-tech manufacturing.

“We want our companies building those products right here in America. But to do that, American manufacturers need to have access to rare earth materials which China supplies,” the president said at the White House Rose Garden.

“Now, if China would simply let the market work on its own, we’d have no objections. But their policies currently are preventing that from happening. And they go against the very rules that China agreed to follow,” he said.

In an effort to level the playing field, the United States, Japan and the European Union are pressing the World Trade Organization to force China to ease its restraints on exports of rare earth, which is crucial to the production of hybrid batteries, wind turbines and cellphones.

The president cast the move as part of his broader effort to enforce global trade rules.

“Our competitors should be on notice: You will not get away with skirting the rules,” he said. “When we can, we will rally support from our allies. And when it makes sense to act on our own, we will.”

The White House action comes as the president faces election-year attacks from his Republican rivals for not being tough enough on Beijing. While the administration prefers dialogue to tackle trade issues, the president made clear Tuesday that “when it is necessary, I will take action if our workers and our businesses are being subjected to unfair practices.”

The administration denied politics were involved in Tuesday’s announcement.

“The fact is we’ve been at this for three years because it’s the right thing to do,” White House press secretary Jay Carney told reporters.

Copyright 2012 ABC News Radio

ABC News Radio