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  1. #1 Chinese 'trump' card 
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    More depressing news about the cannibalization of an American strategic resource.

    http://theweek.com/articles/765276/h...ade-war-1-move


    It turns out the United States is almost entirely dependent on foreign suppliers for rare earth metals. More importantly, it's almost entirely dependent on China specifically for rare earth metals that have been processed into a final and usable form.
    The only U.S. processor was bought by the Chinese in 1995 and it's Indiana plant moved to China.

    But wait, there's more,,,

    https://www.wsj.com/articles/mountai...d/accounts-wsj

    A buyout group led by U.S. investors and backed by China’s Shenghe Resources Holding Co. Friday won permission to buy a California mine that is the sole U.S. source of elements needed to make electronic devices.
    The rest of the story is behind a WSJ paywall but I wonder how many government agencies had to approve this sale.
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  2. #2  
    Senior Member DumbAss Tanker's Avatar
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    True, I'm sure it connects back to a major political donor pushing for it, almost certainly an Obamite.

    Still, the important part is where the actual ore is located, everything else is legalities that can be changed if the problem becomes truly strategic. If the mine is here, an embargo on the export of the strategic material would freeze it here no matter who technically owns it.
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  3. #3  
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    Quote Originally Posted by DumbAss Tanker View Post
    True, I'm sure it connects back to a major political donor pushing for it, almost certainly an Obamite.
    It usually does. But government policies favoring China didn't hurt any either.
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  4. #4  
    Senior Member cadillac shark's Avatar
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    Japan stepped-in to rescue the moment...

    They've just found 16-million tons, equivalent to 500-years of Earth consumption...

    news released 4-hours ago:

    https://asia.nikkei.com/Economy/Hund...found-in-Japan
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