Year of the Tiger, electric vehicles and wind power

Perhaps the most worrying recent example of this is how China has been preparing for a forthcoming peak oil energy crisis. Whilst much of the rest of the world has been asleep, China has been doing the sums and getting ready to react.
A recent deal with the Australia to import large quantities of Australian coal is just one of many strategic moves by China to secure its economic future. Very likely the most significant outcome of these strategies will be China’s achievement of dominance in the production of rare earth metals such as (and especially) dysprosium, neodymium, and lanthanum.

China has most of the world’s rare earth metal reserves and is already responsible for over 90% of the production of the metals. With their cheap labour costs, high tolerance of environmental impacts and extensive experience in mining and processing, the Chinese are well-placed to monopolise the rare earth metal industry.

In a thinly-disguised manoeuvre to increase its stranglehold on the industry, China is now moving to restrict the export of rare earth metals.

Why does this matter? The implications are huge, but many people I know seem to have little understanding of the massive and growing importance of these metals. Just about every hi-tech product depends on them – computers, TVs, energy-saving light bulbs, lasers, optical fibre communications, and so on. The list of applications is extensive.

However, possibly the most important in terms of currently identified future needs are electric batteries and motors, and wind turbines. If we are seeing these as escape routes from dependence on oil, then we better start thinking how we can join or thwart the burgeoning Chinese play for the overall control of rare earth metal production and supply

Otago Daily Times