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China triggers rare earth metals war

Posted on 29 October 2010

From Commodityonline.com: Japanese companies, which use the rare earths metals in hi-tech products, worry that Beijing is already using its power to squeeze supplies as a political tool in diplomatic disputes with Tokyo, something China denies.
Japanese companies are in full panic mode. As far as they are concerned, this is a red-alert situation. China, as other producers have given up environmentally destructive mining of rare earths, now supplies 97 per cent of the world’s demand for the metals, whose magnetic, luminescent and other qualities make them essential for clean energy, computers and electronics……………………………………….Full Article: Source


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