Dedicated to following key news issues that are important to everyone.
Thursday, December 23, 2010
On An Issue Of Far More Import Than Most Americans Imagine, "Undermining China's Monopoly on Rare Earth Elements"
A short excerpt for analysis and reader commentary: "China currently has a lock on the market for rare earth materials: in 2009 it provided 95 percent of the world's supply, or 120,000 tons. This concentration of supply has become a major issue in recent months, particularly after China temporarily blocked exports of these materials to Japan in September. A Critical Materials Strategy document issued by the U.S. Department of Energy last week points to the "risk of supply disruption" in the short term. Worldwide demand for rare earth elements was 125,000 tons in 2010 and is expected to rise to 225,000 tons by 2015."
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