Rare earths… A topic that was explored here years ago when it realized then the implications today’s press are just starting to wake up to.
By monopolizing the mining of rare-earth metals, China could dictate the future of high-tech.
Beyond high-tech gadgets, rare earths play a critical role in national defense, enabling radar systems and guided missiles. Ironically, they also power clean-energy technologies, such as wind turbines and electric cars. This year, global consumption is expected to be about 155,000 tons, far more than the 45,000 tons used 25 years ago. Demand will only grow — likely at an accelerated pace — as the world tries to rein in climate change. Continue reading