dc.description.abstract | Rare Earth Metal (REM) or Rare Earth Element is one of unrenewable natural
resources as a main resource in electronic, automotive, and military industries.
Almost all of resent high technology and green products, such as, television,
smart phone, hybrid car, and nuclear guidance tools use REM. China is the world
largest REM user, producer, and exporter, in which China also has the highest
percentage of aplication of REM. However, since 2005, the REM prices have
decreased significantly and the Chinese Government started to restrict the REM
export to the importer countries, especially United States. The reason behind
REM export restrictiotion was based on costs and benefits consideration whose
goals are to replace all the costs that had been used, and to fulfil increasing
domestic needs and stockpilling, as in line with International Political Economy
concepts. China also tries to hold global market monopoly of REM and to
increase a dependence among importer countries. Aside than that, Chinese
Goverment focus and concern relate to environmental destruction due to the
increasing of smuggling and illegal mining that have happened for several years.
This environment problems are the main reason why the Chinese Government
restrict it's REM export. As the implication of this policy, some importer
countries, such as, United States, Japan amd European Union sued Chinese
Government to WTO due to China's REM export restriction and monopoly. | en_US |