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2010-10-22 Economy
China reportedly cuts off rare earth minerals to US and EU
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Posted by Nimble Spemble 2010-10-22 00:00|| || Front Page|| [11127 views ]  Top

#1 Wang Baodong, a spokesman for the Chinese Embassy in Washington, said on Tuesday that the Chinese government was putting new restrictions on the mining, processing and export of rare earths to protect the environment. But he said that China was not violating any W.T.O. rules in doing so and that it was not imposing an embargo or trying to use rare earths as a bargaining chip.

No, no, certainly not a bargaining chip. Well, two can play the game as well as one. Beware of sh*tting in your messkit.
Posted by Alaska Paul 2010-10-22 01:11||   2010-10-22 01:11|| Front Page Top

#2 Many metals only found in china used for hardened metal and magnets in US weapons and technology.

Posted by Jeremiah Flainter9609 2010-10-22 01:20||   2010-10-22 01:20|| Front Page Top

#3 Beijing is still a flux on how to balance China's desire for econ-led national modernization, versus internal protection of Chinese natural resources. THE CPC KNOWS "RISING CHINA" AT THIS TIME DOESN'T HAVE THE RELIABLE MICROS OR MACROS, ETC. TO PROTECT ITS RARE-EARTH RESERVES FROM DOMESTIC, FOREIGN WASTE-N-ABUSE.

Hence we have

* TOPIX/WMF > CHINA: THE US NEEDS 15 YEARS TO DEV ITS OWN RARE-EARTH INDUSTRIES.

US' need for "15 Years" dev = China's "15 Years" [15-20 before runs out].
Posted by JosephMendiola 2010-10-22 02:09||   2010-10-22 02:09|| Front Page Top

#4 ION CATHAY, FREEREPUBLIC > [Shinzo Abe] JAPAN'S FORMER PM SAYS CHINA SEEKING "LEBENSTRAUM" ["living space", ala WW2 Germany].

ABE = CHINA DESIRES TO ACQUIRE NEW "STRATEGIC FRONTIERS" AS ITS NATIONAL, GEOPOL POWER RISES OR EXPANDS.

* WAFF > [Japan Times] JAPAN TO INCREASE ITS SUBMARINE FLEET TO 22 FROM 16. IMO read, Anti-PLAN ASW.

SAME = US MARINE COMMANDER: US MARINES IN OKINAWA NECESSARY FOR [China, DPRK] DETERRENCE.

* WMF > JAPAN DEFENSE MINISTRY: US, JSDFS MUST MIL COOPERATE TO LIMIT CPLAN NAVAL OPERATIONS TO CHINA'S COASTS.

* WAFF > ARE THE CHINESE [closely covertly]LINKED TO THE IRANIAN ARMS INDUSTRY?, espec as per Iran's LR Missles + NucProgs.

ARTIC = CHINA likely has no fear of detection by the UN or Internat Community because it recognizes THERE IS NO ONE WID POLITICAL WILL TO STOP, DO ANYTHING ABOUT IT???
Posted by JosephMendiola 2010-10-22 02:23||   2010-10-22 02:23|| Front Page Top

#5 CHINESE MIL FORUM > PLAN [Submarines] IS JAPAN'S ONLY REAL PROBLEM [mil threat to Japan].

* SAME > BIOLOGICAL WARFARE THAT ONLY KILLS NON-KOREANS BEING CONTEMPLATED [in DRPK = NOKOR] | IS NORTH KOREA TESTING WMDS [BioWar + ChemWar] ON CHILDREN [+ Women], falsely setting up ordinary North Koreans as "FAKE POLITICAL PRISONERS", ETC. for covert use as MIL-RELATED GUINEA PIGS???
Posted by JosephMendiola 2010-10-22 02:29||   2010-10-22 02:29|| Front Page Top

#6 WORLD NEWS > UN: NORTH KOREA HEADED TO [chronic]NEW FOOD CRISIS.
Posted by JosephMendiola 2010-10-22 02:35||   2010-10-22 02:35|| Front Page Top

#7 "Rare earths" are not as rare as the article suggests. They exist in other countries, too (incl. US and Canada) but exploitation is less viable due to environmental restrictions.

If China exports less exploitation in other countries becomes viable.

Not much to worry about
Posted by European Conservative 2010-10-22 03:10||   2010-10-22 03:10|| Front Page Top

#8 My $0.02 sez that the chicoms are just engaged in market manipulation for short term gain. When it looks like other sources will come on line, the embargo ends.

Never attribute to malice that which can be explained by incompetence, folly, short sightedness, etc.
Posted by nGuard 2010-10-22 08:18||   2010-10-22 08:18|| Front Page Top

#9 My $0.02 sez that the chicoms are just engaged in market manipulation for short term gain

Imitating OPEC?
Posted by g(r)omgoru 2010-10-22 08:54||   2010-10-22 08:54|| Front Page Top

#10 Now the Chinese get to see who supports them in this matter. You support China, you get some rare earths to sell at high rates. You also go in to get sized for a pair of knee pads, cause you're going to need them with all the kowtowing you're going to do.
Posted by gromky 2010-10-22 09:29||   2010-10-22 09:29|| Front Page Top

#11 Embargoing lanthanoids invites the reception of actinoids and perhaps a little tritium too, delivered by air.
Posted by rwv 2010-10-22 09:58||   2010-10-22 09:58|| Front Page Top

#12 Welcome to the world of a diminished US; how's that progressivism workin out for ya?
Posted by Keenster 2010-10-22 11:48||   2010-10-22 11:48|| Front Page Top

#13 how's that progressivism workin out for ya?

It SUCKS and is dangerous to liberty.
Posted by JohnQC 2010-10-22 13:34||   2010-10-22 13:34|| Front Page Top

#14 damn why couldn't they have done this last year when i owned some rare earth mining stock?

now they've run it up it's too expensive to buy back

if it all settles down or there is a market crash you can look at:

US market: MolyCorp
Australian market: Arafura resources
Australian/Canadian (i think): Lynas Corp
Posted by anon1 2010-10-22 18:37||   2010-10-22 18:37|| Front Page Top

#15 Actually now I think...

the Chicoms have "state sponsored capitalism" a kind of neo-mercantilism, where the state-owned corporations (another arm of the government) muscle in to foreign markets/countries backed by the weight of the CCP

They also widely manipulate their currency peg

It's not too far of a stretch to think they also dabble in the markets - market manipulation

Rare Earth Elements - a small group of thinly traded stocks

china with monopoly of exports

they can easily ramp up the price of said shares with restriction like they just did

they can control the action of those little shares

and make a killing on shorting them / trading futures etc

they can play the markets like one giant casino

and here in australia we well know the asian predilection for casinos..... just go to Macau: Vegas of the East.
Posted by anon1 2010-10-22 18:43||   2010-10-22 18:43|| Front Page Top

#16 CHINA DAILY > JAPAN PLANS TO MINE RARE-EARTH MINERALS IN VIETNAM [for High-Tech Manufacturing].

versus

* TOPIX/NEWS KERALA > BURNS: IT IS IMPORTANT TO THE US THAT INDIA BECOMES A MAJOR/GREAT POWER IN SOUTH ASIA [Asia].

OOOOOO, you just know this will bode well [NOT] wid RISING CHINA.
Posted by JosephMendiola 2010-10-22 22:23||   2010-10-22 22:23|| Front Page Top

#17 TOPIX/CHINA DAILY > SOUTH KOREA: POSSIBILITY OF [Third] DPRK NUCLEAR TEST CANNOT BE RULED OUT, albeit in Seoul's view the probability of a new Nuke Test by NOKOR remains low.

NEWS KERALA > US: ANOTHER NORTH KOREA NUKE TEST WOULD BE "PROVOCATIVE". Not nice at all.

* TOPIX > FRANCE BACKS EURO MISSLE SHIELD, BUT ONLY AS A BACKUP TO NUCLEAR ARSENAL [French Nukes = for NATO-EU].
Posted by JosephMendiola 2010-10-22 22:31||   2010-10-22 22:31|| Front Page Top

22:31 JosephMendiola
22:23 JosephMendiola
22:23 Mr. Bill
22:11 JosephMendiola
22:10 anonymous2u
22:09 anonymous2u
22:08 anonymous2u
22:07 Procopius2k
22:04 JosephMendiola
22:02 Charles
22:02 Procopius2k
21:59 JosephMendiola
21:56 crosspatch
21:50 anon1
21:43 anon1
21:41 JosephMendiola
21:34 Skunky Glins****
21:33 JosephMendiola
21:12 OldSpook
21:02 tu3031
21:02 tipper
20:59 tu3031
20:59 notascrename
20:55 bigjim-CA









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