INTERVIEW-UPDATE 1-Canada sees opportunity in rare earths
* Chinese approach to rare earths troubling - trade minister
* Sees Canada meeting some rare earth needs in longer term
* No tradition of helping industry with financial support
* Open to investment from China if net benefit to Canada (Adds background, details)
By Chang-Ran Kim
YOKOHAMA, Japan, Nov 10 (Reuters) - Canada's trade minister said China's approach to supplying rare earth minerals to the world was troubling but presented an opportunity for resource-rich Canada to step up to the plate.
"Everybody is concerned about supply of rare earths," Peter Van Loan told Reuters on Wednesday on the sidelines of the Asia-Pacific Economic Cooperation (APEC) meeting.
"The approach of the Chinese is troubling because it is not a market approach that they've adopted."
Rare earths, a group of 17 metals essential to high-technology goods from LCD televisions to hybrid cars, are difficult to source outside of China, which produces more than 97 percent of the global supply. Continued...