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Market:ASX 200
Sector:Investments and Funds
EPIC:XJO
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Will China decision leave world electrical engineering industry in limbo

Friday, February 12, 2010
Will China decision leave world electrical engineering industry in limbo

The Chinese government has decided to cease development of electrical engineering and electronic industries around the world, except its own country.

According to unconfirmed market reports, the government of China owning 97% of known fields of rare-earth metals (terbium, lanthanum, neodymium, lutetium, beryllium, gallium, indium, germanium, vanadium, titanium, molybdenum, wolframium, etc) plans to stop export of these elements by 2012 and leave them fully for its domestic needs.

As a result, this would place a strain on production of electric appliances outside of China sourcing raw materials.

Metals Place

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