LOS ANGELES, Feb. 28, 2019 /PRNewswire/ -- On Friday March 1st at 3:00pm EST, American Elements CEO Michael Silver will be interviewed by Richard Quest on CNN regarding the US-China trade negotiations. Mr. Silver believes it is incumbent on the president to require China to maintain identical pricing for rare earths inside and outside of China as part of any trade deal.
China was sanctioned by the WTO in 2014 for selling rare earths for less to its domestic manufacturers. Both China and the US have indicated they may some day exit the WTO. Mr. Silver believes the only way to assure long term fair pricing is through this bilateral agreement. "The goal of getting China to purchase more high technology products from the US is pointless if we cannot obtain the essential basic raw materials at a competitive price," said Silver. China presently owns or controls nearly 100% of global rare earth production.
American Elements is the world's largest manufacturer of advanced materials with distribution & manufacturing in the United States, Europe, Asia and South America. www.americanelements.com
SOURCE American Elements