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Re: Rare Earth Metals |
Mar 16, 2012, 03:57 |
zirik |
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jdreyer wrote on Mar 15, 2012, 23:07:
The Western World REALLY F'd up ceding the production of these metals to the Chinese.
its not ceding the production but its where they can be found and thats in china. i didnt follow the link but read about it at the BBC. it seems the export limit china has imposed has two effects in the industrial world. one, it raised the price of rare earth metal exports. and second it drastically lowered the price inside china furthering the advantage of chinese electronics manufacturers over international competition. i always thought giving china membership at WTO and preferred trading partner status of the US was a big mistake. now they call the shots and we cant do shit about it. the trade deficit grows bigger with china in control. |
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