eldavojohn writes: China's rare earth monopoly has resulted in a shortage as China blocks their export and the rest of the world resumes their operations. Now in a first ever joint filing from three members of the WTO Japan, the EU and the US are not sitting idly by as China repeatedly ignores the WTO's orders to export rare earths and raw materials at a fair price to other countries. China claims that the embargoes are in place to protect its environment while Obama denounces China as being unfair and not playing by the rules of the WTO. In 2009, the WTO released a report that explained how actions like China's hurts trade partners.
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