SOURCE / ECONOMY By GT staff reporters Published: Mar 12, 2021 07:23 PM
Mining of rare earths is conducted in Baiyunebo, North China s Inner Mongolia Autonomous Region on July 16, 2011. File photo: VCG
It may be logical for the Quad alliance, grouping the US, Japan, Australia and India, to team up to counter China in the rare-earth sector, given the dominant role the country plays in supplying more than half of the world s such key materials, yet the lack of relevant technologies and talent could obstruct their progress in building up a supply chain from scratch, which needs to take quite a few years to complete, industry observers told the Global Times.
Quad cannot replicate NATO, given internal divergence and China’s economic clout
Zhang Hongpei Published: Mar 12, 2021 03:33 PM
Biden Photo: CFPUS President Joe Biden is scheduled to join the first-ever virtual meeting of leaders from Japan, India and Australia on Friday as the country s latest attempt to wield influence in the Indo-Pacific region to contain China.
While the US is trying to contain China through the Quadrilateral Security Dialogue, known as Quad, or the Asian NATO, such ambition is impossible to realize, experts told the Global Times. And given the different demands, political and religious situations in the Indo-Pacific region, it is impractical for the US to replicate the NATO model in Asia.
An industry watchdog has released a draft rare earths management rule on Friday, including quota management of domestic rare earths production, investment management and supervision, which analysts said is a sign that China vows to standardize management of the rare earths industry and promote high-quality development of the industry.