China does not intend to discuss with U.S. exports of rare earth metals

China does not consider reducing their own quotas for exports of rare earth metals theme for dialogue with the United States, said Vice Foreign Minister Cui at the briefing to be held on January 18-21 in the U.S. state visit of President Hu Jintao. "It is not a question of US-Chinese relations, and should not be a question of US-Chinese relations.

China accounts for 30% stocks and 90% of the supply of rare earth metals. Should not the load is distributed more evenly? "- Cui said, responding to a question about whether there will be discussed the issue of rare earth metals on the upcoming China-US Summit.

China to account for 90% of world exports of rare earth metals - a valuable raw material for the production of high-tech products, including electronics and appliances for new energy sources.

From the second half of 2010, China has cut export quotas of raw material by 72%, then again reduced to 11.4% in the first round of distribution of export quotas in 2011. Earlier, the discontent expressed reduction quotas largest consumers of rare earth metals - Japan and the United States.

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