Wednesday, October 27, 2010

Rare earth minerals shortage feared by US and EU

http://www.bbc.co.uk/news/business-11633929

Well what is now considered to be the base, of what's left of the manufacturing industry, in the US is about to go into a death spiral.
Japan is not mentioned but they're hit pretty hard as well.



Used for green technology, such as battery-charged cars and wind turbines; in laptops, flat-screen TVs and mobile phones; for lasers; and for medical equipment, such as MRI scans as well as parts for smart bombs, and parts of airplanes


The US and the EU have warned that a shortage of rare earth metals from China could harm their economies.

Officials and industrialists in Washington and Berlin said a lack of the minerals, 90% of which come from China, would have severe repercussions.

The metals are essential for making many hi-tech products and some are used by the US weapons industry.