The China-U.S. Rare Earth Games

The China-U.S. Rare Earth Games

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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