China's Rare-Earth Monopoly


Tech | 206986 hits | Oct 17 8:52 am | Posted by: Curtman
7 Comment

China now produces nearly all of the world's supply of rare earths, which are crucial for a wide range of technologies, including hard drives, solar panels, and motors for hybrid vehicles.

Comments

  1. by Anonymous
    Sun Oct 17, 2010 4:01 pm
    Anyone up for some China bashing?

  2. by avatar tritium
    Sun Oct 17, 2010 6:11 pm
    I'd like to know if Canada has any areas rich in these minerals and where they are??

  3. by avatar SprCForr Gold Member
    Sun Oct 17, 2010 6:37 pm
    "Curtman" said
    Anyone up for some China bashing?


    Trolling are we?

  4. by avatar CommanderSock
    Sun Oct 17, 2010 6:39 pm
    South Africa has just as much as China. Namibia, Zimbabwe, Botswana too. Unfortunately those places are not friendly to western companies as China is.

  5. by avatar desertdude
    Sun Oct 17, 2010 9:10 pm
    "CommanderSock" said
    South Africa has just as much as China. Namibia, Zimbabwe, Botswana too. Unfortunately those places are not friendly to western companies as China is.


    Can you blame them ?

  6. by avatar Proculation
    Sun Oct 17, 2010 9:19 pm
    "tritium" said
    I'd like to know if Canada has any areas rich in these minerals and where they are??

    We have them too but our mines can't compete with China. The yuan is kept artificially low to boost exports and the safety conditions in also very low. There are accidents in China mines like once a week and I don't think they care for the miners like Chile.

  7. by avatar KorbenDeck
    Sun Oct 17, 2010 10:41 pm
    Well scientist think they found a big deposit of Neodymium in Quebec which is good news. If China gets to abusive with its current monopoly nations like Japan, Korea and Germany may just outright ban the imports of rare-earth elements from China. Forcing their companies to buy the material from nations that treat the workers with a bit more respect. Thus ending China's rare-earth monopoly, they could even go farther and ban any products from China that contain rare-earth.



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