China denies reports of rare-earth export cutbacks

“China pledged to maintain supplies of rare earths and signaled exports of the ingredients used in electronics, wind turbines and smart bombs may rise next year,” Bloomberg reports.

“The Commerce Ministry denied reports in the New York Times and China Daily that the government plans further export cuts and has extended an embargo of Japan to include the U.S. and Europe. ‘China will continue to supply rare earth to the world,’ the ministry said in a faxed response today,” the Bloomberg piece adds.