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Home / Futures Blog / Mixed messages continue on China rare-earth quotas

Mixed messages continue on China rare-earth quotas

October 20, 2010 by Daniels Trading

China seems to be at the heart of most dramatic global economic storylines in 2010. Whether the country is being accused of sucking away American labor via outsourcing, keeping its currency artificially low, raising interest rates or fighting a real estate bubble, China's new role as the world's second-largest economy has definitely put it center-stage.

In certain sectors – like rare-earth metals – the country wields an unusual amount of power. China controls 90 percent of the production of critical commodities like lanthanum, neodymium and cerium, which are employed in everything from laptops to wind turbines.

Last month, it cut shipments of the metals to Japan – a major technology builder – after a dispute about a collision at sea near contested islands in the East China Sea.

Both countries claim the islands, and when a fishing trawler hit a pair of Coast Guard vessels, Japan held the captain of the boat in custody.

China reportedly responded by shutting down export permits for rare-earth minerals to Japan. China has disputed Japan's claims.

"Companies I've talked to say there's no ban on rare-earth exports, however materials are still being held up in customs and shipments are delayed," said Jeff Green, the president of a firm that represents rare-earth miners and end-users, told Bloomberg. "Many believe rare-earth quotas for the second half of 2010 are exhausted, leaving materials unavailable for sale." 

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This material is conveyed as a solicitation for entering into a derivatives transaction.

This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.

Filed Under: Archived News

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Daniels Trading is an independent futures brokerage firm located in the heart of Chicago’s financial district. Established by renowned commodity trader Andy Daniels in 1995, Daniels Trading is built on a culture of trust committed to the firm’s mission of Independence, Objectivity and Reliability.

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Risk Disclosure

This material is conveyed as a solicitation for entering into a derivatives transaction.

This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.

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