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China to cut rare earth exports

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posted on Dec, 29 2010 @ 04:13 AM
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China to cut rare earth exports



Beijing's move is expected to shrink global supply of minerals used in many high-tech products.

China has announced a reduction in its export quota for rare earth minerals, further shrinking global supplies of metals used in a wide range of high-tech products.

The Chinese commerce ministry said on Tuesday it will cut down export of the minerals by more than 11 per cent in the first half of next year.

Beijing says its curbs are for environmental reasons and to guarantee supplies to domestic industrial consumers.

In a short statement on its website, the commerce ministry said it had added more producer companies to the quota list, but had cut volumes allocated to trading companies.

The new numbers say China is allocating 13,105 tonnes of rare earths among 31 companies, down from 14,790 tonnes allocated among 22 companies in the first batch of quotas this year.

China, which produces about 97 per cent of the world's supply of rare earth elements, slashed its quota by 40 per cent in 2010.


english.aljazeera.net...

Ok folks, here it is. China is cornering the market
on minerals and ores. They are reducing exports
of minerals so other foreign nations and corporations
are gonna get pinched. That means higher prices
for tech products which use those minerals and ores.

China is hording the minerals for themselves.
They cut down 40% of exports in 2010
and expect another 11% in 2011.

This is basically like an economic sanction
against the world.

So u better enjoy that new computer u have,
the next one may be very hard to come by,
if u can even afford one.




posted on Dec, 29 2010 @ 04:40 AM
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also confirmed on Fox news

www.foxnews.com...



posted on Dec, 29 2010 @ 04:52 AM
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One of the EU wide projects I worked on as PM was the EU WEEE (Waste electrical) recycling.. the whole process has nothing to do with recycling but in reclaiming all the rare earths contained within end of life high tech products.

Consider the volume of crap that China has put on Western markets and the volume of rare earths they contain and then consider how peeved China is that we in the West can undercut them with their own resources, is it any wonder they have responded in this way!



posted on Dec, 29 2010 @ 05:08 AM
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Wow thats good news for canadian jobs, but bad news for the environment. Canada sits on so many massives reserves off what ever is needed lol, seriously, where just not getting to it becasue we love our land so much eheheh.

So now im guessing, with the push off big money interest, there might be changes in the way we protect habitat.

And it should be good news for our friends down south, well sell it for a good price im sure, canada needs to get back to pur o;d friendship, where the USA little brother that likes to tell mom on them lol,, we are conected in so many ways.



posted on Dec, 29 2010 @ 05:15 AM
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This might be off topic, but last night I overheard something on the evening news about China (I was in the kitchen and really didn't catch all of it) but when I walked back into the living room the reporter was saying something about gas prices projected to be 5.00 per gallon in US by 2012. Not sure if it was the same story though.



posted on Dec, 29 2010 @ 06:19 AM
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Originally posted by thoughtsfull
One of the EU wide projects I worked on as PM was the EU WEEE (Waste electrical) recycling.. the whole process has nothing to do with recycling but in reclaiming all the rare earths contained within end of life high tech products.

Consider the volume of crap that China has put on Western markets and the volume of rare earths they contain and then consider how peeved China is that we in the West can undercut them with their own resources, is it any wonder they have responded in this way!


Yeah you see..one individual advocating "green energy" tech, namely Mr Soros has a whole infrastructure set up for trafficking dirt cheap labor (among other things) across many borders and the "entry level" of employment of the hordes of desperate way way underpaid thirdworlders is ..guess what.. dumpster diving for acquiring items for recycling.

Just follow the damn money...



posted on Dec, 29 2010 @ 06:33 AM
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the rest of the news is that a USA miner is going to restart their rare earth mining, MolyCorp
->the early bird investors are bidding up the equity price, even before the first bucket of soil gets into the hopper...
they know full well that strategic materials should not fall under the Globalist model especially with China being the only producer and hoarder of these strategic minerals




Rare-earth mining operation to revive in US ...
After signing deals with major Japanese trading houses that have been rushing to secure new sources of rare earths, mining company Molycorp Inc. plans to restart its ...
w
ww.kentucky.com/2010/12/20/1574293/rare-earth-mining...



posted on Dec, 29 2010 @ 06:38 AM
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In CIV IV, a control over strategic resources would usually equate to another nation folding, becoming a vassal, or all out war to secure the resources for another cause.

It's funny how things play out more or less the same way in the real world.

China is tightening the screw.



posted on Dec, 29 2010 @ 07:37 AM
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Interesting.. Just as a side note .. In recent years have noticed alot more being done in china for the environment.. Reforestation projects, mines closed with cleanup being done of the site - ties in with the article posted by the op. Design and building of "green" envireonmentally friendly cities, even recycling programs being implemented, stricter controls of factory emissions are just some of the things that have seen them do in the last few years..



posted on Dec, 29 2010 @ 08:00 AM
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As I know, Russia, India and the hegemony all have their own rare earth resource,
why don't they exploit their own?



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