Summary Box: Japan says rare earth exports halted

AP News
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Posted: Oct 21, 2010 4:51 PM

RARE RARE EARTH: Japanese importers say China continues to block the export of crucial rare earth metals used in its high tech products.

BIG DEAL: China has about 30 percent of global rare earth deposits but accounts for a staggering 97 percent of production.

WHAT'S THE HOLDUP? Japanese companies say Beijing has blocked rare earths shipments since Sept. 21 in possible retaliation for Tokyo's arrest of a Chinese fishing boat captain near disputed islands. The captain was released and Beijing denies any ban is in effect.