Wednesday, December 29, 2010
Rare-Earth Metals
Which country supplies the world with 95% of the "rare-earth minerals" used in high tech batteries, television sets, cellphones and defense products? That's right, China. In the second half of 2010 China decided to cut its exports of rare-earth minerals by 72%. Read more about this issue here.
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It's crazy but I can remember a time when everything the Japanese did was awesome and the US was on its way out. That wasn't that long ago. Are we (collectively) counting ourselves out too early?
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