Peak Oil is You
Donate Bitcoins ;-) or Paypal :-)
Page added on August 29, 2010
China to Globe: “No More Rare Earth”
China defended its controls on exports of rare earth after Japanese officials raised concerns about supplies of the raw materials used in the manufacture of products from cell phones to radar.
Restrictions on the rare earth industry will help protect the environment, the state-run Xinhua News Agency cited Chen Deming, China’s commerce minister, as saying yesterday at a media briefing during China-Japan economic talks in Beijing.
China cut its export quotas for rare earth by 72 percent for the second half of this year, according to data from the Ministry of Commerce on July 8. Shipments will be capped at 7,976 metric tons, down from 28,417 tons for the same period a year ago.
One Comment on "China to Globe: “No More Rare Earth”"
KenZ300 on Mon, 30th Aug 2010 12:17 am
As the worlds limited resources come head to head with the ever expanding world population growth, countries will start to hoard resources for their own populations.
Prices of those limited resources will rise for all. Food, water,and oil are all limited resources.