Posted on 09/27/2010 12:05:57 PM PDT by goldendays
"China mines 93 percent of the worlds rare earth minerals, and more than 99 percent of the worlds supply of some of the most prized rare earths .. Japan has been the main buyer of Chinese rare earths for many years, using them for a wide range of industrial purposes, like making glass for solar panels.
They are also used in small steering control motors in conventional gasoline-powered cars as well as in motors that help propel hybrid cars like the Toyota Prius.
American companies now rely mostly on Japan for magnets and other components using rare earth elements, as the United States manufacturing capacity in the industry became uncompetitive and mostly closed over the last two decades. "
(Excerpt) Read more at csmonitor.com ...
SAIC, GM’s joint venture partner in China is expected to take a small stake in GM (1% or so) during the IPO to show support for one of its important partners is China.
Yet another thing for which we are dependent upon foreigners, for NO OTHER REASON than environmentalists have forced us to be.
THAT is a fact. We have just as much of the stuff here, in the US, as China has. The difference is: They mine it. We don't.
Of course... now that it's become a National Security threat, our military is starting to waive some of the environmental restrictions.. or, at least, they're trying to. It'll take a year or two. Sure hope we don't have a war with anyone in the next year or two.
But, who would that be with anyway?? /sarc
"I Just Want To Celebrate!"
“Well, it wasnt 3 million miles like on a Volvo, but my father got 350,000 on a Falcon 30 years ago”
My Great Aunt learned to drive in the early 60s’ (she’d only driven teams of Mules before that) and what did my cousin buy her? A V-8 Falcon, she tore up the roads in Hickman County, Tennessee because my cousin, who taught her to drive, was a stock car racer (former bootlegger) who didn’t know what slow meant. A great car.
As a China led sector I fear
This is the ChiCom HazMat plan - use it as filler for products sold to the unsuspecting Western customer.
Look at all those green jobs!
In China!
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