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China to restrict the supply of Neodymium

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Sun Jan 03, 2010 12:42 am PostPost subject: China to restrict the supply of Neodymium
drichardson
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http://www.independent.co.uk/news/world/asia/concern-as-china-clamps-down-on-rare-earth-exports-1855387.html

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Britain and other Western countries risk running out of supplies of certain highly sought-after rare metals that are vital to a host of green technologies, amid growing evidence that China, which has a monopoly on global production, is set to choke off exports of valuable compounds.

Failure to secure alternative long-term sources of rare earth elements (REEs) would affect the manufacturing and development of low-carbon technology, which relies on the unique properties of the 17 metals to mass-produce eco-friendly innovations such as wind turbines and low-energy lightbulbs.

China, whose mines account for 97 per cent of global supplies, is trying to ensure that all raw REE materials are processed within its borders. During the past seven years it has reduced by 40 per cent the amount of rare earths available for export.


Will china become the new Middle East in the wake of Steorns magnet machine? Is Neodymium the new Oil?
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Mon Jan 04, 2010 5:48 pm PostPost subject: Re: China to restrict the supply of Neodymium
Detective
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[quote="drichardson"]http://www.independent.co.uk/news/world/asia/concern-as-china-clamps-down-on-rare-earth-exports-1855387.html

[quote]Britain and other Western countries risk running out of supplies of certain highly sought-after rare metals that are vital to a host of green technologies, amid growing evidence that China, which has a monopoly on global production, is set to choke off exports of valuable compounds.

Failure to secure alternative long-term sources of rare earth elements (REEs) would affect the manufacturing and development of low-carbon technology, which relies on the unique properties of the 17 metals to mass-produce eco-friendly innovations such as wind turbines and low-energy lightbulbs.

China, whose mines account for 97 per cent of global supplies, is trying to ensure that all raw REE materials are processed within its borders. During the past seven years it has reduced by 40 per cent the amount of rare earths available for export. [/quote]

Will china become the new Middle East in the wake of Steorns magnet machine? Is Neodymium the new Oil?[/quote]
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Goldman Sachs had bought neodymium mine at Mountain Pass

Neodymium will new Gold (for speculation)
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