China's rare earth reserves are falling

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Source: BBC
China announced that its rare earth resources in top-mining areas are falling with accelerating pace while the most of the original reserves are almost depleted. China's officials attributed the fall to illegal mining and excessive exploitation. Meanwhile, China attempts to protect rare earths exports by imposing quotas but increasing demand for electrical goods production creates a threat for China's resources.


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Wed, 20 Jun 2012 14:40:03 GMT

UK unemployment remained at three-year low in April

UK jobless rate stood at 8.2% in April, near three-year low, as businesses created sufficient number of new jobs to compensate public sector job cuts. The private sector managed to create 205,000 new jobs in three months before April. The data are highly appreciated by government officials who expect the private sector to employ 740,000 individuals by 2017 as public

Wed, 20 Jun 2012 14:18:01 GMT

Italian new industrial orders declined by 1.9% in April

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