In late March, a dispute settlement panel of the World Trade Organization (WTO) found China’s rare earth element (REE) export regulations to be in violation of trade rules and deemed them to be an attempt to “secure preferential use” for domestic firms and to attract foreign investment. The ruling, which China is likely to challenge by May, has already been dismissed as “irrelevant” by the Chinese REE industry, perhaps reflecting the fact that China is the world’s largest consumer of REEs in addition to being the largest producer.
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