dam612
Well-Known Member
Once again china closes thier grip just a bit more, now threatening to holdout/ban exports of their rare earth metals. Sparked by some capturing of a chinese sailor by japanese coastguard (and gradual restrictions over time). According to some articles china owns 95% of rare earthmetals and is one of the only places that successfully mines the earth metals. The us has limited ammounts but they say its too risky to mine. Supposidly China has some master plan worked out to boost toyota production in china and india (poss australia?) bc the rare earth meatals are essential to the electric motors in the hybrids. rare earth metals are also used in; solar pannels, wind turbines, cell phones, hd tvs, sattelites, magnets, computers, guided missiles and high tech weapons etc... Anyone else hear of this/opinions?