China Consolidates Grip on Rare Earths

China Consolidates Grip on Rare Earths

finance.yahoo.com

BEIJING — In the name of fighting pollution, China has sent the price of compact fluorescent light bulbs soaring in the United States.

By closing or nationalizing dozens of the producers of rare earth metals — which are used in energy-efficient bulbs and many other green-energy products — China is temporarily shutting down most of the industry and crimping the global supply of the vital resources.

China produces nearly 95 percent of the world’s rare earth materials, and it is taking the steps to improve pollution controls in a notoriously toxic mining and processing industry. But

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This is a HUGE, and I mean HUGE move for china. I knew this day was going to come. This is economic warfare. This is the perfect time with U.S. stocks having a 5 day gain (weak). This will be the final blow that causes the U.S. to buckle. No more will you have 500$ computers. all electronics are worked with these metals/gems . Between this, stocks, food hikes, oil, economic warfare, economic turmoil and other various M.E. problems. I can attest to 2012 being real. I dont think our way of living (as a U.S. man) will be the same in 5 years.

finance.yahoo.com
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This has been coming for some time... China, as of latest report that dont account for new technology, controls about 95% of the rare earth elements. Recent tech advances in the US and Canada has the possibility to negate China's advantage though.

Protests have already been filed with the WTO for Chinese actions on this topic.

So I guess those windturbine magnets and electric car batteries are going cost a whole lot more than just poluting the earth by the mining and producing of these rare earth minerals.

Environmentalists dirty little secret

Originally posted by EnigmaAgent
So I guess those windturbine magnets and electric car batteries are going cost a whole lot more than just poluting the earth by mining and producing these rare earth minerals.

China owns the rare metal market at 95%. Think about that!

I am highly interested to see how this event develops!
China really seems to have a grip on what they are doing,
and have developed some really interesting economic advantages for themselves.
They are clearly starting to take over as a super power, at least in research..
with all the space/agriculture/massive infrastructure creations they are doing.
Please update us, with any new articles if the events take a turn.

This will certainly drive Japan Economy out of existence
Already as we speak(type) businesses are running away from Japan due to Fukishema meltdown and the final blow will be from China. By killing off Japans economy U.s. gets hurt in a big way

reply to post by Jordan River


WW3 on its way

reply to post by Jordan River


I believe that actually is not true. The United States has rare earth deposits and there are many more countries including Canada, Australia and Afghanistan where rare earth deposits are found.

China may produce 95% of the rare earth metals right now but that will change and Uncle Sam will hold on to his stash until every one else's has run out.

And of course there is always the sea bed of the Pacific

I read some time ago that 'they' have already ear marked somewhere in africa that has these resources in abundance.

i think china has lots of money and just doesn't need to do the # jobs for the world anymore.

When I first read the title I thought...they hold Rare Earth? I thought of the rock band for those who did not know what I was talking about.

We have plenty of rare earths here. Just get the liberals out of the way so we can access them.

Actually no, The United States has many Earth Metals as well, which we haven't started the production of yet... reason being no company wants to sell computers for a 100 dollars...

Rare Earth Metals found in Idaho and Montana

"The Diamond Creek property is not only the most undeveloped rare earth resource in North America today, it is also highly accessible for mining and is located in Idaho, which is a mining-friendly state."

Edward Cowle said: "U.S. Rare Earths is the only large rare earth venture in the United States that has accessible and mineable supplies of the strategic heavy rare earths. Our deposits could supply the current and projected demand of the United States military and civilian green industries and would eliminate the dependence the United States currently has on Chinese sources."

American companies, corporations and investors have vested interest in China, more so Internationalist like the World Banks. China is doing this more to have a barganing chip to bring to the table in the future.

Yet the question still stands? Why do we need China, sure we can make our own but think of all the profits that will be lost... bottom line is, the less an electronic device cost, the less profit there is to make...

What you actually have when a product is finished in another country is the ability to skim of the top by every process the product goes through... Its rule #1 regarding money laundring. Also the reason being to control supply and demand to raise prices on an already Recession driven country... think about it... anyways its a theory but one many companies have been caught doing overseas.

reply to post by FoxStriker

Yeah. Who would want to sell computers that cheap? I mean..we wouldn't want to easily better the country as a whole through more affordable electronics. Also, we wouldn't want to create jobs..that would take some dependence on our government away, and we can't have that!

It's sad...

Cheers

reply to post by EnigmaAgent


i totally thought the guy in that video was going to be ron paul. it sure looked a lot like him with the "play" icon over his face.

that was the only reason i clicked it.

ended up being some british guy....


...ive been had

If you read the article...

you will see that a CFL bulb at Wal-Mart is $15.88

While here in America...

I can buy a 4 pack of incandescent bulbs...(40-100 watt)

For 1 Dollar.....

I just picked up 96 26 watt CFL's at a local store for 89$ Not even close to 15$ each. Yes I go through a lot of lights but have cut my bill by c couple of hundred a month.

Originally posted by mikellmikell
I just picked up 96 26 watt CFL's at a local store for 89$ Not even close to 15$ each. Yes I go through a lot of lights but have cut my bill by c couple of hundred a month.

Is this for some sort of business or a grow house? You CUT 200 a month off your electric by changing bulbs? I get irritated when my electric bill HITS $150 or so. I use incandescent bulbs. I don't think I have nearly that many light fixtures in my house and garage together though.

New title... "China Consolidates Grip on Rare Earths, but really is just gripping it's own weiner"

Lol, you should try living in the U.K.

The E.U have banned incandescent Light bulbs which means we are forced to purchase Energy Light Bulbs. These Bulbs cost about 5x the amount, no doubt some E.U commissioners have share in this industry.

That's fine if it reduces the amount of electricity used, because I am all for saving money. But to have the choice taken away from us?

We are no longer free to decide which kind of Light Bulb we purchase.