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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2019
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Source:American ThinkerThere seems to be a similarity between international trade disputes and Texas Hold’em. There is always a certain amount of bluff that is part of the negotiations. The question is, how much is a bluff and how much is not. The Peoples Republic of China (PRC) has just revealed that they are going to use their stake in rare earth minerals production as their show card. Make no mistake -- the communist government is not bluffing. However, one good card does not make a winning hand. To understand the problem, we first must understand where rare earth mineral deposits are ...
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2019
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