China 'stockpiling rare earths for strategic reserves'

Daily Telegraph (UK) ^ | 6:10AM BST 05 Jul 2012 | (AFP)

[Olog-hai]

China has started stockpiling rare earths for strategic reserves, a state-backed newspaper said, in a move which may raise more worries over Beijing's control of the coveted resources.

China has already started the purchase—using state funds—and storage of rare earths for strategic reserves, the China Securities Journal said, but did not say exactly when the initiative was launched.

The country produces more than 90 percent of the world's rare earths, which are used in high-tech equipment ranging from iPods to missiles, and it has set production caps and export quotas on them.

Major trading partners last month asked the World Trade Organization (WTO) to form a panel to resolve a dispute over China's export limits on rare earths after earlier consultations through the global trade body failed.

The European Union, the US and Japan claim China is unfairly choking off exports of the commodities to benefit domestic industries.

The newspaper said current low prices for rare earths had prompted the start of strategic buying and the reserves could be used to address future shortfalls of the resources.

China had already announced its intention to build a strategic reserve system, but had not publicly said that it had started stockpiling.

China has previously defended its rare earths policies, saying they aim to protect resources and the environment as part of an effort to promote sustainable development.

A Chinese official said last month the regulation of the rare earths industry was in line with global trade rules. …

[Flavius]

Oh maybe we could ask then to stockpile it for us to

[SunkenCiv]

Thanks Olog-hai.

• Hitachi unveils motor without 'rare earths'
• Obama's Rare Earth Elements (REE) motion against China via WTO -- Not a good long-term solution.
• Crunch Time for Uranium and Rare Earth Metals--Kerry Lutz
• Thorium, Heavy Rare Earths, China & the Loss of Manufacturing Jobs
• Alaska may become Silicon Valley of rare earths
• China's Rare Earths Monopoly -- Peril or Opportunity?
• China, Japan Minuet Around the Issue of Rare Earths
• China and Rare Earths -- Monopoly for Now
• Neb. mine find to challenge China's dominance of vital rare minerals
• Huge rare earth deposits found in Pacific: Japan experts
• Rare Earths Seen Growing Less Rare
• China holding rare-earth materials back from export
• I Was a Rare Earths Day Trader (or How I lost half my savings in a global investment bubble)
• China's rare earths export cut raises trade concerns
• U.S. at risk of rare earths supply disruptions
• Rare Earth Elements in US Not So Rare, Report Finds
• Rare earth's rocketing into a bubble?
• China's rare-earth monopoly -- U.S. should restart mining to end vulnerability
• China Said to Widen Its Embargo of Minerals (EPA Closed the last mine in the U.S.)
• China Is Said to Halt Exports to U.S. of Some Key Minerals
• Germany to help Japan obtain vital rare earths
• China's Rare Earth Supply That The World Relies On Could Now Run Out In Just 15 Years
• The Politics of Rare Earth (For the serious investor thinking of diversifying)
• Here's What You Need To Know About The Politics Behind Rare Earth Metals
• U.S. House may vote on Rare Earths Act this week
• Chinese Threat on Rare Earth Minerals Could Revitalize U.S. Mines
• China's monopoly on 17 key elements sets stage for supply crisis
• Amid Tension, China Blocks Rare Earth Exports to Japan
• America's Fast Track to the Third World
• Magnequench: CFIUS and China's Thirst for U.S. Defense Technology
• Rare Earth May Be China's Checkmate (A must read!)

[SunkenCiv]

Whoops, missed some:

• You Don't Bring a Praseodymium Knife to a Gunfight
• Boeing launches search for crucial rare earth elements
• China Freaks Out The World -- Restrictions On Export Of Metals Crucial For National Defense
• As hybrid cars gobble rare metals, shortage looms
• Beijing Acquires More U.S. Technology
• Missile Technology Sent To China

[BfloGuy]

China’s attempts to corner the world supply of rare earths has resulted in the reopening of several mines in the U.S. and other countries as well as research and development using on more plentiful replacements. They’re not the geniuses some claim them to be.

[ronnie raygun]

Innovative entreprenuerial ingenuity not found in a communist nation like China, only copy cats

[nuconvert]

Wasn’t this a story a year or 2 ago?

“China has previously defended its rare earths policies, saying they aim to protect resources and the environment”

HaHaHaHa. The Chicoms want to protect the environment

[Tainan]

Sounds like a smart move.

[E. Pluribus Unum]

Sea holds treasure trove of rare-earth elements

As with energy, the USA will never be allowed to use the resources we have access to. We must become the "best customers" of our enemies, instead.

[OldEarlGray]

 We must become the "best customers" of our enemies, instead.

 

"Buy More.  Be Happy. Consume."

Are we there yet?

[SunkenCiv]

http://www.freerepublic.com/focus/news/2902969/posts?page=3#3

[EyeGuy]

Meanwhile, the once great United States of America is 5 Gears in Reverse: Obsesssing over fags, inventing racism (”minority” racism is indeed VERY active), catering to the generational parasites, paralyzed by layers of lawyering, saddling ourselves with Marxist environmental nonsense, and creating make-work positions in government for the lazy and talentless.

China OUGHT to be blowing our doors off as they shift into fifth gear.

[EyeGuy]

“Innovative entreprenuerial ingenuity not found in a communist nation like China, only copy cats.”

###

Which will probably STILL be enough to whip us, as we’ve let the anti-American Left assume power, effectively throttling, no CRIPPLING, our once magnificemt economy and culture.