China Consolidates Grip on Rare Earth Metals
goingbroke
Posts: 1,410
BEIJING — In the name of fighting pollution, China has sent the price of compact fluorescent light bulbs soaring in the United States.
By closing or nationalizing dozens of the producers of rare earth metals — which are used in energy-efficient bulbs and many other green-energy products — China is temporarily shutting down most of the industry and crimping the global supply of the vital resources.
Most of the country’s rare earth factories have been closed since early August
By closing or nationalizing dozens of the producers of rare earth metals — which are used in energy-efficient bulbs and many other green-energy products — China is temporarily shutting down most of the industry and crimping the global supply of the vital resources.
Most of the country’s rare earth factories have been closed since early August
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Comments
Box of 20
<< <i>Good. Maybe the U.S will reconsider getting rid of the incadescent bulb even though its less effecient. You would think that a better bulb than a flourescent could be manufactured today. >>
LED bulbs are available.
Oz, an Emmy winning heart surgeon, and called for the FDA to increase inspections and set strict standards for inorganic arsenic levels in juice concentrates.
"This is especially important because over 60% of the apple and pear juice concentrates in the United States are imported from China, a country with notoriously lax food safety standards and a place where toxic inorganic arsenic is routinely used in pesticides," Schumer said.
Read more: http://www.nydailynews.com/news/politics/2011/09/18/2011-09-18_chuck_schumer_weighs_in_on_dr_oz_juice_controversy_says_fda_needs_to_regulate_ju.html#ixzz1YLEJDxMu
Oops, sorry, off topic
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
The trouble with not subsidising farmers is that countries like the UK would not grow its own food and that almost had disasterous consequences in WWII when they were blockaded. So it is vital to national security that a country can grow its own food, or at least ensure a stable supply from elsewhere.
Because we gave them the power to do that and we maintain their power to continue.
Your grandkids will rightfully hate your guts.
I'm exempt as MY grandkids are getting LOTS of gold.
Say what you want about Donald Trump he is right about China.
Box of 20
Wave bye bye to the middle class. Oh, they already left, huh?
Some of the elements used in the batteries for the electric/hybred cars also comes from China. As usual, we shoot ourselves in the foot going GREEN!
As for the mine in California, it is my understanding with will be for strategic use only. Mainly because the material to make the magnets we use to control our advance fighters comes from China
On a side note, I agree, it is time to put a large tarriff on the products being imported from China.
My Adolph A. Weinman signature
<< <i>I see plenty of compact fluorescent light bulbs for sale on major retail web sites for less than $1.50. >>
They are kind of like coins. You need to know what you are buying before you make a comparison. Do you remember what a regular light bulb use to cost? I believe I use to get a 4-pack for about a buck or less.
T5 & T8 bulbs are not CFL. Granted, the article stated there was a huge price increase in the CFL, which by the way, are one of the biggest ripoffs ("Lasts up to 10 times longer").
<< <i>China has failed to learn the lesson from OPEC. When the US starts making noise about increasing domestic production you are supposed lower the price and flood the market making the new production economically infeasible. All they are doing with this move is bumping up the QRE share price. >>
Molycorp Inc., down $11.56 at $41.45
A JPMorgan analyst downgraded the miner's stock to "Neutral" from "Overweight" citing a sharp drop in rare-earth mineral prices--------BigE
For those that have not been paying attention, China, for the last few years, has been positioning itself to be in full control of the world-wide markets and economies. Look for their aid to European countries to be to their advantage when those same countries have to decide between supporting the US or China on the world political scene (UN votes for example). Also look for the Yuan to eventually be backed by gold and replace the US dollar as the world currency. China has realized they don't need a military to conquer the world.
"Who needs risk management when you’ve got guaranteed bailouts? - Jesse Felder
<< <i>China has realized they don't need a military to conquer the world. >>
Yup, been saying that for a long time. They took away our manufacturing jobs, got us dependent on low priced items while building their bank account. Now they are turning their IOU's into hard assets, including our major technology companys and to top if off, they can always influence elections with $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$.
Don't forget, the also run our seaports.
MCP from $77 to $3. Arent bubbles awesome!!!
Knowledge is the enemy of fear
<< <i>I wonder how China's plan is faring?
MCP from $77 to $3. Arent bubbles awesome!!! >>
Moving right along as planned
"Who needs risk management when you’ve got guaranteed bailouts? - Jesse Felder
Chinese yuan will not be accepted in the USA as dollars are in China in my lifetime though, if ever.
Knowledge is the enemy of fear