“This is highly disappointing,” said the European Trade Commission. “The EU continues to encourage the Chinese authorities to revisit their export restrictions policy to ensure there is full, fair, predictable and non-discriminatory access to rare earth supplies as well as other raw materials for EU industries.”
After months of heavy lobbying from Washington, Brussels and Tokyo, on Thursday China released new quota figures which would keep exports of the strategic materials on par with last year’s levels. Read more about the news here.
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