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China’s rare-earth power over global trade

Posted on 29 October 2010

From Washingtonpost.com: For many Americans the phrase “rare earth” calls to mind nothing more consequential than the 1970s band responsible for such hits as “Get Ready” and “I Just Want to Celebrate.” But lately China has been teaching the United States, and the world, a new definition.
Rare-earth metals are 17 elements vital to high-tech products ranging from the Toyota Prius to the cellphone to the American military’s precision-guided munitions. The People’s Republic controls 97 percent of the world’s supply. And Beijing suddenly has slashed exports, causing near-panic in Japanese industry and exposing the United States’ own vulnerability……………………………………….Full Article: Source


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VRS - who has written 38144 posts on Opalesque Commodities Briefing.


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