Rare Earth – The Wall Street Journal reported that China's Ministry of Commerce today plans to appeal the World Trade Organization's (WTO) ruling that the country's rare earth element (REE) export restrictions are in violation of global rules.
Articles Tagged "European Union"
Lithium – Global Post reported that the European Union has chosen Hyundai Moto Co, the top carmaker in South Korea, as its supplier of fuel cell electric cars.
In a decision that's been two years in the making, the World Trade Organization yesterday announced that China's export restrictions on rare earth elements, molybdenum and tungsten violate global trade rules.
Silver – Unlike gold, silver rose slightly today, gaining $0.02 from the previous session to rise to $19.67 per ounce.
Oil – Reuters reported that the Syrian opposition will be unable to sell crude oil for at least a month because it lacks real executive power even as the European Union governments have eased sanctions on Syria to help them.
Palladium – Reuters reported that palladium declined 2.7% on news that the demand for new vehicles in the European Union continues to weaken.
Zinc – Bloomberg reported that Glencore had to end its agreement with Nyrstar, the world’s biggest zinc producer, due to competition concerns after buying miner Xtrata.
Uranium – Bloomberg reported that Romania’s uranium reserves will reopen due to the growing investor interest, according to the country’s Economy Minister Varujan Vosganian.
Rare Earth – Greenland's premier has confirmed that he will not favor the EU over China, or any other investor, when granting access to the country's prized rare earth deposits.
Gold – There was a bullish turnaround in the gold market in the latter half of Q3. While the market may be at risk of a correction in the short term, bulls continue to dominate and further gains are expected.