Banri Kaieda, the new Minister of Economy, Finance and Economics of Japan, said that the fact that China has imposed a de facto ban on rare earth exports during Japan’s diplomatic dispute will prompt Tokyo to seek new sources of these strategic minerals.
In an interview with the Financial Times, Haijiang Tian Miles called on China to “eliminate export restrictions†as soon as possible. He also added that Japan will try to develop substances that can replace rare earths for high-tech products. Haitian's remarks highlight the growing concerns over the fact that China is leading rare earth production. Rare earths are used in a variety of high-tech products, from precision guided weapons to hybrid cars.
Earlier this year, China implemented a new total quota for rare earth exports, which has prompted the United States to initiate efforts to restore rare earth production.
China has denied any ban on the export of rare earths from Japan to destinations. However, traders said that the related shipments were repeatedly delayed and without explanation in the Chinese ports. The background was a tension between the two countries after a Chinese fishing vessel collided with the Japanese Coast Guard in the East China Sea. "The ban on the export of rare earth actually exists," said Haitian. "What is important is that China should stop this extremely abnormal action as soon as possible."
Jiang Lie, who was appointed in a cabinet reorganization two weeks ago, stressed the importance of maintaining friendly relations between the two largest economies in Asia. He said that Japan is willing to continue to play the role of a large buyer of China's rare earth, and China accounts for more than 90% of the world's rare earth supply. However, Haiyin Wanli pointed out that Japan is not prepared for China's rare earth export restrictions. He called this limitation of the Chinese "sudden attack." He added that “(it seems) that there is a need to initiate efforts to develop alternative products that can play the same role as rare earths in high-tech products.†Haitian said that Tokyo will also seek to develop other sources of rare earth supply. Such a policy may "effectively" help reduce the pressure on the appreciation of the yen.
Naoto Kan, the Japanese Prime Minister, told the Financial Times last week that he would develop overseas resources as a possible part of the "set" of measures aimed at bringing the yen exchange rate to a more "appropriate" level.
Japan, which is poorly resourced, has long been using public financing institutions to support private sector investment in overseas energy and mineral resources. Haijiang Tian Miles hinted that a strong yen may help buy foreign mining rights. The Minister of Economy and Finance stated that other potential suppliers have also been included in the consideration of Japan. "I think we need to talk to those countries and participate in those places," he said.
In an interview with the Financial Times, Haijiang Tian Miles called on China to “eliminate export restrictions†as soon as possible. He also added that Japan will try to develop substances that can replace rare earths for high-tech products. Haitian's remarks highlight the growing concerns over the fact that China is leading rare earth production. Rare earths are used in a variety of high-tech products, from precision guided weapons to hybrid cars.
Earlier this year, China implemented a new total quota for rare earth exports, which has prompted the United States to initiate efforts to restore rare earth production.
China has denied any ban on the export of rare earths from Japan to destinations. However, traders said that the related shipments were repeatedly delayed and without explanation in the Chinese ports. The background was a tension between the two countries after a Chinese fishing vessel collided with the Japanese Coast Guard in the East China Sea. "The ban on the export of rare earth actually exists," said Haitian. "What is important is that China should stop this extremely abnormal action as soon as possible."
Jiang Lie, who was appointed in a cabinet reorganization two weeks ago, stressed the importance of maintaining friendly relations between the two largest economies in Asia. He said that Japan is willing to continue to play the role of a large buyer of China's rare earth, and China accounts for more than 90% of the world's rare earth supply. However, Haiyin Wanli pointed out that Japan is not prepared for China's rare earth export restrictions. He called this limitation of the Chinese "sudden attack." He added that “(it seems) that there is a need to initiate efforts to develop alternative products that can play the same role as rare earths in high-tech products.†Haitian said that Tokyo will also seek to develop other sources of rare earth supply. Such a policy may "effectively" help reduce the pressure on the appreciation of the yen.
Naoto Kan, the Japanese Prime Minister, told the Financial Times last week that he would develop overseas resources as a possible part of the "set" of measures aimed at bringing the yen exchange rate to a more "appropriate" level.
Japan, which is poorly resourced, has long been using public financing institutions to support private sector investment in overseas energy and mineral resources. Haijiang Tian Miles hinted that a strong yen may help buy foreign mining rights. The Minister of Economy and Finance stated that other potential suppliers have also been included in the consideration of Japan. "I think we need to talk to those countries and participate in those places," he said.
Calcium Fluoride,Strontium Fluoride,White Powder Barium Fluoride,High-Purity Barium Fluoride
Vietnam Fine Chemical Factory , https://www.link-winchem.com