Friday, November 26, 2010
China's Rare Earth Element Monopoly
The Rare Earth Elements are a collection of 17 chemical elements that have become essential in the production of a long list of modern day technologies. The process of mining for them is expensive and complicated. Currently, China produces more than 95% of the elements for the world's technology industry and countries like Japan and starting to realize that such a monopoly is dangerous when the Chinese government uses it to punish other countries for political means.
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