- Beretta leaves Maryland over gun laws, heads for Tennessee
- Neal Boortz defends Hillary Clinton for representing child rapist
- House task force to recommend National Guard on border, faster deportations
- Top federal judge uses pizza to explain complex Obamacare situation
- Obama, Biden overhaul job training programs
- Drought-plagued Californians turn to paint to keep lawns green
- ISIL now forcing Iraqi shopkeepers to veil mannequins in Mosul
- 11 parents of Nigeria’s abducted girls die
- Genetic mapping triggers new hope on schizophrenia
- Turkish P.M. Erdogan won’t speak to Obama, but he’ll take calls from Biden
Traders: China resumes rare earth exports to Japan
Question of the Day
TOKYO (AP) - China has apparently lifted a de facto ban on Japan-bound exports of rare earth metals, which are crucial for advanced manufacturing, but shipments have been stalled due to tighter custom inspections at Chinese ports, two Japanese trading firms said Wednesday.
China's export ban, imposed since last week, reflected business fallout from tensions between Tokyo and Beijing over Japan's detention of a Chinese captain whose fishing boat collided with two Japanese coast guard vessels on Sept. 7 near disputed islands.
Japan released the Chinese captain last Friday. On Monday, China resumed giving the green light to Japan-bound exports of the exotic metals, said the two officials from two Japanese trading firms.
"Suddenly, China started giving export permissions to our Chinese business partners," said an official at a major trading house. He declined to comment whether the resumption was due to Japan's release of the Chinese captain.
China produces over 95 percent of the global supply of rare earths _ metallic elements crucial for superconductors, computers, hybrid electric cars and other high-tech products. Japan imports half of China's shipments of the exotic metals.
But rare earths from China have not arrived in Japan yet due to tighter custom inspections of goods going to and from Japan at Chinese ports, the officials said. They declined to be named as they are not authorized to talk to the media.
"Under normal circumstances, Chinese customs inspect around 10 percent of total rare earth shipments to Japan. But they are inspecting almost 100 percent, really slowing the whole shipment process," said one trading company official.
The two officials said Japan-bound shipments of rare earth elements were stuck at Chinese ports.
Japan's top government spokesman, Chief Cabinet Secretary Sengoku, said Wednesday that Tokyo asked Beijing about the rare earth export ban. Sengoku said China told Japan that there was no such move.
TWT Video Picks
Retailer pays a price for getting too close to Obama
- IRS seeks help destroying another 3,200 computer hard drives
- David Perdue defeats Jack Kingston in Georgia Republican Senate primary runoff
- 'Straight White Guy Festival' supposedly set for Ohio park
- D.C. appeals panel deals big blow to Obamacare subsidies
- Pentagon team dispatched to Ukraine amid crisis with Russia
- MAY: Barbarians at Jordan's gate
- Hamas terrorists wear Israeli army uniforms to ambush soldiers in Gaza
- Beretta moving to Tennessee over Maryland gun laws
- McCLAUGHRY: Finish off the "Islamic State" quickly and cheaply
- BERMAN & MADYOON: An Iranian-Turkish reset
Obama's biggest White House 'fails'
Celebrities turned politicians
Athletes turned actors
20 gadgets that changed the world
Fighting in Iraq