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To: SmokingJoe

China has been buying up lots of rare earth materials that go into batteries.


3 posted on 10/19/2010 7:14:15 AM PDT by Texas resident (Outlaw fisherman)
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To: Texas resident

China isn’t buying up rare earths in markets in a speculative play to drive up prices. However, they do have 97% of the world’s reserves of rare earths at current market prices, and have imposed limitations on exports.

China acts in China’s interest ... just like every other nation, but a little bit more intelligently. Their limitations on exports of rare earths is strategic in nature, not speculative.


11 posted on 10/19/2010 7:29:38 AM PDT by Skepolitic
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