Source:CBS NewsThis blog post by 60 Minutes' Kevin Livelli, one of the producers who reported on rare earth elements this week, was originally published on March 22, 2015:Not long ago, if you had stopped me on the street and told me there was an interesting 60 Minutes story to be told about the lanthanide series of rare earth elements, I would have said you're crazy.To begin with, who's ever heard of them? And even if you did manage to find them on that obscure bottom rung of the Periodic Table, you'd hit another hurdle -- how to pronounce them. They have names only Dr. Seuss m...
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Source:PHOENIX Rising trade tensions between the U.S. and China have sparked worries about the 17 exotic-sounding rare earth minerals needed for high-tech products like robotics, drones and electric cars. China recently raised tariffs to 25% on rare earth exports to the U.S. and has threatened to halt exports altogether after the Trump administration raised tariffs on Chinese products and blacklisted telecommunications giant Huawei. With names like europium, scandium and ytterbium, the bulk of rare earth minerals are extracted from mines in China, where lower wages and lax envir...
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Source:BloombergThe U.S. and China are heading for a stand-off over critical minerals used in everything from washing machines to military hardware.The U.S. Commerce Department on Tuesday promised “unprecedented action” to ensure that the U.S. won’t be cut off from supplies rare earths, a group of 17 obscure but vital elements whose production is dominated by China. The Department’s release of a report outlining steps to ensure supply came hours after the Asian nation’s top state economic planning body said it’s studying proposals to establish export controls on the materials.China’s state med...
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Source:ReutersMELBOURNE (Reuters) - Australian and Malaysian government officials are due to meet later this month, a state mining spokeswoman confirmed and the plan for Lynas Corp's controversial rare earths waste storage in the country is likely to be at the top of the agenda.Bill Johnston, Western Australia's minister for mines, will meet Hon Yeo Bee Yin, Malaysia's energy minister, in Perth on June 20, a ministry spokeswoman told Reuters.Australia's Lynas, which is the only proven producer of rare earths outside of China, is waiting to get an operating license for its Malay...
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