10-19-2010, 07:57 PM
|
|
|
Coupon Guru
Industry Role:
Join Date: Mar 2009
Location: Minneapolis
Posts: 10,973
|
China halts rare-earth shipments to USA
http://www.livescience.com/technolog...-minerals.html
Quote:
A nasty trade dispute appears to have prompted Chinese customs officials to block shipments of rare earth minerals to the U.S.
The move underscores a deepening U.S. vulnerability because of its dependence upon China for tech-crucial rare earth minerals (also known as rare earth elements). Small but significant amounts of the minerals go into creating everything from PCs and cellphones to wind turbines and hybrid cars, as well as U.S. military technologies such as missile guidance systems.
This latest news came from three rare earth industry officials cited by the New York Times. The officials spoke on the condition of anonymity for fear of backlash from China.
China currently controls about 97 percent of rare earth production, and has the only facilities capable of processing rare earth minerals after they have been mined. Rare earth minerals are not exactly rare, but the mining and refining processes can be costly and time-consuming.
|
|
|
|