China Continues Rare Earth Export Ban


Neodymium Magnet on a Hard Drive

COGwriter

The world is starting to become upset by the fact that China controls 95% or so of certain “rare earth elements”(like neodymium ) and has dramatically reduced their export:

Backlash over China curb on metal exports
China’s draconian export curbs on rare earth minerals needed by the rest of the world for frontier technologies is escalating into a serious diplomatic and trade clash with the United States and other leading powers. (Telegraph, August 29, 2010. http://www.telegraph.co.uk/finance/newsbysector/industry/mining/7970872/Backlash-over-China-curb-on-metal-exports.html)

The “official” reason for the ban is apparently for environmental protection.  However, since China does not have a stellar environmental record, most discount that reason.

The real reason seems to be that China may need all it produces, and that control over this resource gives China a lot of power and influence.

The USA recognizes a problem here and has taken several steps, including hopefully having a mine open in California in 2012 (see Rare Earth Elements, China, and 2012).

But despite the protests and steps by the Americans, the Chinese still have major control and expects to for the foreseeable future.  This does not bode well for the USA.

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