December 14, 2010
China's Rare Earth Monopoly
Journal of Energy Security, Journal of Energy Security
Earlier this year, China announced a 72% reduction in the export quotas for rare-earth metals for the second half of 2010, sending tremors across America's industrial complex. Rare earths are a group of 17 metals vital to the production of precision-guided munitions, cruise missiles, radar and other defense systems, as well as consumer electronics and renewable-energy technologies such as wind turbines, solar panels and hybrid vehicles. Such metals are often compared to the yeast in bread—small in proportion but huge in contribution.
TAGGED: Resource Wars, Rare Earths, China