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View Full Version : China Blocks Rare Earth Exports to Japan. Japan capitulates.



G2Rad
24th September 2010, 08:35 AM
* Japan Holds Chinese Boat Captain

* China Blocks Rare Earth Exports to Japan

* Japan releases Chinese captain

China just found and interesting new use for the Rare Earth

food for thought

It is amazing how quickly Japan was brought to her knees

link: http://www.nytimes.com/2010/09/23/business/global/23rare.html

http://graphics8.nytimes.com/images/2010/09/23/business/RARE2/RARE2-articleInline.jpg

G2Rad
24th September 2010, 08:38 AM
quote:

The Chinese halt to exports is likely to have immediate repercussions in Washington. The House Committee on Science and Technology is scheduled on Thursday morning to review a detailed bill to subsidize the revival of the American rare earths industry. The main American rare earths mine, in Mountain Pass, Calif., closed in 2002, but efforts are under way to reopen it.

The House Armed Services Committee has scheduled a hearing on Oct. 5 to review the American military dependence on Chinese rare earth elements.

The Defense Department has a separate review under way on whether the United States should develop its own sources of supply for rare earths, which are also used in equipment including rangefinders on the Army’s tanks, sonar systems aboard Navy vessels and the control vanes on the

G2Rad
24th September 2010, 08:41 AM
If Japan runs out of rare earths from China — and Japanese companies have been stockpiling in the last two years — then the United States will have to buy the semiprocessed blocks directly from China, he said.

“We are going to be 100 percent reliant on the Chinese to make the components for the defense supply chain,” Mr. Green said.

wow!


Rare earth elements are already in tight supply and prices are soaring after the Chinese government announced in July that it was cutting export quotas by 72 percent for the remainder of the year. A delegation of Japanese business leaders met with Chinese officials in Beijing on Sept. 7 to protest the sharp reduction in quotas.


protest all you want, stupid, lol

G2Rad
24th September 2010, 08:43 AM
Toyota had not yet received any information on an embargo and was unable to comment

smells like war

Glass
24th September 2010, 05:04 PM
What exactly are "rare earths"?

Seems there are about 25 minerals that fit in to that category. Question is, which ones are they talking about?

http://en.wikipedia.org/wiki/Rare_earth_element

G2Rad
25th September 2010, 06:40 AM
they did not mention that in the article exept samarium, but the article says that without them they can not make among onther things:


1. rangefinders on the Army’s tanks
2. sonar systems aboard Navy vessels
3. control vanes on the Air Force’s smart bombs.
4. glass for solar panels
5. steering control motors in conventional gasoline-powered cars
6. motors that help propel hybrid cars like the Toyota Prius.
7. magnets
8. missile guidance motors
9. semiconductors

the United States’ manufacturing capacity in the industry became uncompetitive and mostly closed over the last two decades.

“USA are going to be 100 percent reliant on the Chinese to make the components for the defense supply chain,”

The House Committee on Science and Technology is scheduled on Thursday morning to review a detailed bill to subsidize the revival of the American rare earths industry.
The House Armed Services Committee has scheduled a hearing on Oct. 5 to review the American military dependence on Chinese rare earth elements.


the Japanese government has repeatedly asked China to not restrict its exports of rare earth elements, citing the severe consequences such a move would have on global production and trade

JohnQPublic
27th September 2010, 05:29 PM
It's time the morons nice fellers who run this country start making us independent again. It will tkae time, but there aer other sources of rare earths- including in the good ol' USA.

osoab
27th September 2010, 05:46 PM
Have a look at Rare Element Resouces (REE) the company the below prices are from AMEX, this stock just started trading in here in the last 6 months or so. REE also trades on the Toronto exchange.
from 6.00 to 8.85 in 5 days.
from about 2.20 to 8.85 in three months
went from about 1.90 to 9.00 since july.
this thing has soared since the china annoucement
I have not researched this stock, but a trend has developed. Blow off top coming soon?


Molycorp (MCP) is another to look at

I don't think we are late to the party yet.

MNeagle
1st October 2010, 06:10 AM
Japan considers moves to secure rare earths
Tokyo lays out new plan after purported shipment ban by China

By MarketWatch
HONG KONG (MarketWatch) Japanese officials reportedly are studying the feasibility of stockpiling rare earths minerals in an effort to guard against abrupt supply disruptions.

The move reflect a policy shift toward establishing greater independence in sourcing the materials.

It comes after China is believed to have impeded shipments of such materials during a recent diplomatic feud between Beijing and Tokyo, according to Japanese press reports. China has denied banning shipments of the rare resources, used in the manufacturing of high-tech products, to Japan.

Nevertheless, the situation reminded us of the need to craft a long-term strategy to procure rare earths, Akihiro Ohata, Japans economy, trade and industry minister, told reporters, according to a Kyodo report Friday.

Other steps being taken include accelerated development of technology to create alternatives, establishing major recycling plants for rare earths in Japan, and developing new production methods that cut consumption of the materials, he said.

The trade ministry will also help Japanese companies secure concessions for overseas mines, with Vietnam and Kazakhstan among nations that hold promise, Ohata was cited as saying in a Nikkei report.

Moreover, the ministry will use its clout to forge closer partnerships with resource-rich nations and bolster cooperation in areas such as infrastructure building, personnel training and in promoting industrial partnerships, the Nikkei reported.

Ohata reportedly will seek funding in the fiscal 2010 supplementary budget to implement the new policy.

China holds the richest known deposits of rare earths and supplies about 90% of such materials used by Japanese industry.

Ohata said Beijing appears to have lifted the ban on shipments, noting that a ship with a rare earth cargo is apparently on its way to Japan.

Following a cabinet meeting on Friday, Yoshiaki Takaki, science and technology minister, told reporters part of funding thats being sought would support exploration activities in the seas around Japan.

The alleged embargo of rare earths shipments was seen as an effort by China to pressure Japan to release the captain of fishing trawler involved in a collision with maritime vessels near a set of disputed islands about three weeks ago. The captain was released, and Japan rejected Beijings demand for a formal apology over the incident.

http://www.marketwatch.com/story/japan-considers-moves-to-secure-rare-earths-2010-10-01?siteid=rss&rss=1