Let’s go ahead and try, shall we?
BS, we depend on rare earth minerals because we need to. Forced to find alternatives, the US Economy will find a way to replace them. China, however, cannot survive the loss of the US Market.
This stuff is found everywhere. The only inhibiting factors are "residual radioactivity" in the mine sites AND the difficulty and cost of separating the materials from the ore.
It was only a week ago that I ever heard the term “rare earths” and now I see that term EVERYWHERE!!
Doesn’t China desperately need to sell these metals?
How much of China’s rare earth supply comes from abroad via relationships with other third world nations vs what they have within their borders?
RE: RARE EARTH METALS
For those who want to own it in their portfolio, there is an Exchange Traded Fund (ETF) that has an basket of rare earth metals. The symbol is REE. Check it out.
I thought the United States doesn’t manufacture things?
Well then let’s just give the little commie bastards the key to the vault shall we?
LLS
Oh well!
We’re too busy worshiping the environment and gearing up to live like a turd world country.
China will sell you all the rare earth metals you want. Of course, you have to build the plant that uses to build all the electronics etc,,in China. They have this CRAZY idea of putting their economy first.
China also refuses to inflate their currency away, and is heading in the direction of backing their currency with gold to really protect it from Soros-style attacks.
Of course this will make their currency attractive to foreigners who want a safe place for their money.
And here, he have socialists, printing money as fast as they can, and making it impossible to mine rare earths here, or to manufacture here if you could get them. Kudos Washington DC!! Red China looks like a conservative nation compared to you.
All it’d take to remove China’s chokehold is to build our own mines.
That said, for the short term, we are beholdened for those raw materials.
But if there is a spat, a few commando raids against Chinese mines will ensure that THEY don’t have any rare earth elements either... Thus equalizing the playing field.
And the lesson they’ll take away from that is not to put all their eggs in one basket (ie - have all their mines in one country). Which would lead to other nations building their own mines. Thus causing China to break their own monopoly for national security reasons.
” The U.S. actually has an abundant amount of rare earths, it’s just not mined currently...”
Wonder why ?
ESA, a rat, Agenda 21, or wilderness study area ?
Once upon a time, the US had large strategic stockpiles of various rare earths. As I recall, they were sold off at “fire sale” prices. I don’t recall which party/president was behind it. For some reason I’m connecting LBJ with it, but haven’t checked.
Washington D.C. owning ANY land anywhere is obscene.. and flies in the face of original intent.. Teddy Roosevelt was (you see) a Progressive.. just like Wilson..
‘The U.S. actually has an abundant amount of rare earths, it’s just not mined currently’———
Gee, would that be like having twice the amount of gas and oil as Saudi Arabia, and not being allowed by government to use it because government and EPA say NO?
What a load of crap. 15 minutes and Google will show you that the only reason China owns the rare earth market is because they undercut everyone’s price in the 1990’s, and that there’s lots of these ores in Brazil and even Mountain Pass, California.
“The U.S. actually has an abundant amount of rare earths, it’s just not mined currently.”
And why the hell not? Oh, I forgot....
United Mine Workers
Environmental Protection Agency
Federal Regulations (which were enacted by Congressmen bribed by the Chinese)
Trial Lawyers
NIMBY’s
A nation rich in resources that refuses to use them. How foolish.
As I been saying for over a year now, American ‘invests’ in welfare checks, food stamps, clunkers, empty houses,... while China buys up the energy supplies and rare earth’s and metals needed to produce anything. That is because the Keynesian religion worshiped by Washington says that consumers (ie really voters) are what drives economic prosperity, not the producers.
To show you how insane this economic theory is it's like saying that it is not the Farmer that is important for growing the food that he sells, nor those that make the equipment or fertilizer he needs(that Jim Rogers told us to invest in) , but it is the locusts that are the key for creating demand by eating his crops (here in MD it is the stink bug destroying fruit.) The theory says that the more locusts attack his crops, the more farming jobs are created planting new crops to meet the new demand.