[aynrandfreak]

one of Obama’s donors must’ve just cornered the market on neodymium

[Ben Ficklin]

The article points out that GM developed the neodymium magnet and eventually GM spun that off to the company called Magnequench.

Many will recall the controversy when Magnequench was sold to the China consortium in 2000 and the factory was disassembled and moved to China.

All this came on the heels of the MolyCorp rare earth mine having their new permits delayed because of the pipline rupture and spill.