March 23, 2012

The China-U.S. Rare Earth Games

Peter Lee, Asia Times

AP Photo

The joint United States, Japanese and European Union complaint at the World Trade Organization over Beijing's "monopoly" on rare earths is political theater, creating fear that China will one day unscrupulously withhold elements critical for defense technologies, hybrid cars and smartphones. Washington neglected mention of the abundance of "rare" earths - and that China will likely become a net importer by 2015.

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TAGGED: United States, Washington, China, Beijing, European Union, World Trade Organization, defense technologies, smartphones


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