China is responsible for more than 90 percent of global rare earth production, giving it a choke-hold over the supply of 17 elements with a wide range of uses in high-tech sectors such as defense and renewable energy.

The move to comply with WTO rules would reflect a tactical adjustment for Beijing, but its long-term plan to improve pricing power and gain market share in lucrative downstream industries is expected to remain unchanged.

“The WTO decision does not change the strategy, just the means at China’s disposal,” said David Abraham, an independent resource analyst.

Available at: http://www.moneynews.com/markets/china-tariffs-rare-earth-exports/2014/06/04/id/575138/