China cuts off the US from rare earth metals

[midnight rambler]

Ouch! That's gonna leave a mark.

http://5minforecast.agorafinancial.com/china-lowers-the-boom/

[midnight rambler]

China controls 93-97% of rare earth metals. However no export quotas on finished products being exported. Very shrewd move by the Chinese.

http://blogs.telegraph.co.uk/news/peterfoster/100060112/rare-earths-row-some-home-truths/

[Apparition]

Maybe this could be beneficial to the US because it'll reduce a resource dependency on China.

Or, at worst, it could lead to another future military "liberation" and "rebuilding".

[chad]

i never believe these stories. china is maybe the #1 exporter of these metals, but i have to believe somewhere in nevada, utah, etc. there is some secret US stockpile + mine of this stuff. i have a hard time believing it **only** exists in china.

[Serpo]

Apparently there is heaps of these rare earths in Greenland and also OZ so wouldnt worry too much about shortages...........dont ask me what companies....

[midnight rambler]

i never believe these stories. china is maybe the #1 exporter of these metals, but i have to believe somewhere in nevada, utah, etc. there is some secret US stockpile + mine of this stuff. i have a hard time believing it **only** exists in china.


I would think that since Russia has such a vast and diverse land mass that they'd be sitting on some as well.

[Ponce]

Old news from about five or six months ago........the one used for screen monitors is the one that will hurt the most.

[Dogman]

I think Greenland has found reserves and also America has found deposits with the chance of much more here in the states.

http://www.usrareearths.com/eco/index.php?option=com_content&view=article&id=18&Itemid=55

[Ponce]

Like I posted long ago............"Where China goes around the world doing business and making friends the US goes around the world making wars and enemies"...........even from Cuban China is now buying the Nickel of wich we have a lot.

[mamboni]

i never believe these stories. china is maybe the #1 exporter of these metals, but i have to believe somewhere in nevada, utah, etc. there is some secret US stockpile + mine of this stuff. i have a hard time believing it **only** exists in china.


Your instincts serve you well, young Chad!

Yes, the US was the leading miner/producer of rare earth metals in the 1980s. We mothballed those operations and China picked up the gauntlet. It will take years for America to reopen those mines and recommence production, assuming the environazis haven't made it impossible for them to operate.

[Book]

China controls 93-97% of rare earth metals.



We will be lobbing some plutonium at them soon over this.

[Glass]

Apparently there is heaps of these rare earths in Greenland and also OZ so wouldnt worry too much about shortages...........dont ask me what companies....


LYC in Australia is one. Price Quote (http://www.asx.com.au/asx/markets/priceLookup.do?by=asxCodes&asxCodes=lyc)

They were $1.30 when news broke. Been as high as $1.79. Now at $1.68.