Rare Earth Elements: China Has Most of Remaining Supply
By Michael Schneider
August 11, 2010
Most people have no idea what rare earth elements are, but a wide array of the technologies that we use every single day are dependent on them. Without rare earth elements, we would have no hybrid car batteries, flat screen televisions, cell phones or iPods. Without rare earth elements, the entire "green economy" would not be able to function, because almost all emerging green technologies use them. Not only that, but rare earth elements are used by the U.S. military in radar systems, missile-guidance systems, satellites and aircraft electronics. Without rare earth elements, the U.S. military (and militaries all over the globe) would not be able to function.
So what is going to happen when we start running out of them?
According to The Independent, the move towards "green technology" will cause a dramatic increase in demand for rare earth metals in the years ahead. In fact, it is being projected that the world will need
200,000 tons of rare earth elements by the year 2014.
But analysts fear that China may drop exports of rare earth elements to exactly zero tons by 2012.
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