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Volvo will use blockchain to prove its cobalt wasn’t mined by children
The dark side of electric vehicle production is that the lithium ion batteries most EVs run on require raw materials like cobalt, and cobalt mines have become notorious for using child labor. Now that Volvo has revealed its first fully-electric car, the XC40 Recharge, the automaker wants to ensure sure that the raw materials in its lithium ion batteries are sourced responsibly. For that, it's turning to blockchain.
WTO ruling revives debate over China's rare earths trade
China suffered another setback at the WTO yesterday, thanks to a ruling that could spell trouble for its controversial rare earths industry. In a decision issued Monday, a WTO panel determined that the Chinese government has been acting in violation of international trade rules, due to export restrictions on a number of raw materials. These restrictions, the panel said, allowed Beijing to inflate global market prices, while giving an advantage to domestic producers. As a result, China will likely have to adjust its trade policies to comply with WTO regulations. In a statement, the country's Ministry of Commerce said it "deeply regrets" the decision, but confirmed that the People's Republic will adhere to it. This week's ruling applies to materials like bauxite, coke, magnesium, manganese and zinc, but, most notably, does not apply to rare earths -- a group of 17 elements critical to the production of tablets, smartphones and myriad other gadgets. China has maintained a rather tight grip over the world's rare earths market, thanks to a slew of export controls, quotas and government-erected barriers to entry. The country has come under intense international pressure in recent years, with the US, EU and Mexico filing complaints with the WTO, arguing that China's price-inflating restrictions violate international trade agreements. Beijing, for its part, has long maintained that its export controls are designed to minimize the environmental impact of rare earth mining, while meeting the country's surging domestic demand. It's an argument that's come up a lot during this debate but one that the WTO, on Monday, deemed illegitimate, stating that China has thus far been "unable to demonstrate" the environmental benefits of its policies. The decision won't have any immediate bearing on these policies, but some observers are hopeful that it may be a sign of things to come. Michael Silver, CEO of rare earth processor American Elements, told Reuters that the ruling "confirms the existence of the two-tiered price structure that has caused so much concern," with EU Trade Commissioner Karel De Gucht adding that the decision should force China to remove restrictions on both the aforementioned raw materials and rare earths, alike. Others, however, aren't so optimistic, pointing out that, with a full 95 percent of the rare earths market under its aegis, China could realistically afford to ignore any decisions handed down from the WTO in the future.
Three tips for the wacky world of AH pricing
I have a confession to make: I've been playing the AH pretty hard for a few weeks now (ever since I started grinding up to the 5000g for my epic, and yes I got it finally), and I've come up with a lot of good tips for you guys, but I've kept them to myself, because I was selfish and didn't want my sources of gold to dry up. But now, I've got pretty much all the gold I need, and I'm ready to bring these to the world. Lots of you will already know what I'm going to say here (some of you might even be angry that I'm telling everyone), but for those of you who haven't found these little holes in the AH, here you go.First of all: level up your First Aid to 325 right now, because I've got three words for you: Heavy Netherweave Bandage. Think all that they'll do is heal you? Think again -- they vendor in the game for a whopping 6g per stack, so every time you log on your AH alt, the first thing you should do is run to the Auctioneer and buy up all the Netherweave cloth you can find for less than 3g -- crafted up into bandages, each stack of cloth is worth at least that, so anything you buy for less than 3g (I've seen it as low as 1g 50s -- people are throwing away money) is pure profit. This is the biggest moneymaker I've found (you don't make much per stack, but after you've "processed" a few hundred stacks, the money adds up), and it made me regret selling Netherweave for anything less than 3g before I figured this out.Second big tip: don't ever buy anything on the weekends. Ever. Prices soar on the weekends, so much so that you'll often be able to take advantage of huge bargains during the week, and then turn around and craft or just resell those items on the weekends, when everyone else is playing. I know you really, really want that Primal Air on Sunday so you can finish off your profession leveling, but wait three days -- by Wednesday, all of the AH sellers will have seen their auctions expired and will be ready to lower the price.
