China to reform rare earth exports after WTO

BEIJING (Reuters) - China will reform its export of rare earths based in part on World Trade Organization rules, state media reported on Wednesday, a day after the global trade governing body ruled...

BEIJING (Reuters) - China will reform its export of rare earths based in part on World Trade Organization rules, state media reported on Wednesday, a day after the global trade governing body ruled against its curbs on exports.

The Ministry of Commerce will study and take steps forward in rare earth export management, "according to relevant laws and World Trade Organization rules," the official Xinhua news agency quoted China's vice commerce minister, Zhong Shan, as saying.

The WTO ruled on Tuesday that China broke international law when it curbed exports of coveted raw materials such as bauxite, coke and magnesium used in the production of steel, electronics and medicines.

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