Joao Peixe
OilPrice.com
September 6, 2011
China is currently responsible for more than 90 percent of the worlds rare-earth production, and some analysts allege that China is using its de facto monopoly to lure a high tech companies to China.
U.S. Magnetic Materials Association president Ed Richardson said, “We’re all losing. They (the Chinese) are using their monopoly of rare earths as a weapon. And they’re going to get what they need.” Richardson added that rare earth element (REE) mining projects currently being pursued by companies worldwide from Mongolia to Africa to counteract the Chinese de facto REE monopoly either will begin significant production too late or will produce only a few some of REEs needed for high-tech products, ranging from cellular telephones to cruise missiles.
Technology Metals Research LLC co-founder Gareth Hatch is tracking 381 rare earth projects outside China and India, involving 244 companies in 35 countries, The Pittsburgh Tribune-Review reported.
8 Responses to “China Using Rare Earths as a Weapon”
Leave a Reply
You must be logged in to post a comment.
Well I can’t blame the Communist bastards. I don’t blame them one bit. I’d use the rare earths as a weapon too, it’s called trade. If 90% of the rare earth metals are in their country you better have something they want or your going to pay dearly for it. The globalists can’t have their cake and eat it too, stingy bastards.
All of these American coporations sent all of the jobs over there. Now their playing hardball with all the chips in their corner. Thanks a lot corporate idiots.
Where are they going to get all of the Permanent Magnet stuff for Hybrid Vehicles? THIS IS FUNNY!
By “Rare Earth”, do they mean natural resources or what? If so, what’s the big deal, we’ve been raping lands all over the globe for natural resources too. All countries have. Now China’s in the game and we’re threatened? So now i guess next we’ll attack China, lol!! Try to start a revolution from within, load opposition forces with guns and throw down propaganda flyers from planes…maybe even invite Al Qaeda to use their new US given guns to head East…our usual bs. That’s one war we do not wan to startt!! The same with Syria by the way. If we go into Syria, it’s the beginning of the end for the US!!!
Why china has almost monopoly on it ? Because EPA ! You can mine it in USA , but you will end up with bunch of Thorium. But thorium is naturally radioactive – but it is not dangerous dose.
BTW: Thorium is nuclear fuel – so US could be independent from foreign oil . And reactor cost is 3/4 cost of coal PP. And fuel is for free. And it is save and you can produce fuel to cars for 2 USD barel.
And it is save but you cannot have it folks because of industrialization.
Find out LFTR reactor
Very good points about Thorium, imagine building hundreds of the most modern Nuclear Reactors which don’t use Plutonium or Uranium and building an entire new electrical infrastructure, you’d create millions of hi-tech jobs.
Homes should be heated and cooled with electrical heat pumps, which could be powered by this new hi-tech grid. Also you need lots of juice when you plug your Chevy Volt in…
Prepare for WORLDWIDE Political, Financial, Military, Earth and Solar changes, Health Attacks, Food Shortages, Riots Everywhere, and the 2nd COMING ! Pencil in some time off on Your calendars……………Down The Road
Reply
This is just the tip of the plan China has for everyone.
click on my name and look at the Red Chinese Communist Investment takeover of the US