A fascinating article appeared recently on my favorite web news site, commondreams.org, that was reprinted from the Independent newspaper in the
Ever hear of neodymium, cerium, lanthanum, terbium, dysprosium? They are among 17 elements referred to as rare earths, which are not only hard to find, as their name implies, but they have unique qualities that are essential to many high-tech and alternate energy products, including cell phones, low energy light bulbs, windmills and advanced electric motors. Their use is expanding rapidly. The Toyota Prius, for instance, uses 16kgs of rare earths.
The gist of the article is that 97% of the world’s supply of rare earth ores are produced in
One of the dumbest things Thomas Friedman, New York Times columnist ever said was in conjunction with a Chinese company’s bid to purchase an American oil company. He commented that it wasn’t important who owned the company because it was part of a world market so the oil would go to whoever was willing to pay for it.
He was unfortunately blinded by his immersion in American corporate philosophy. Multinational corporations may have their headquarters in the
With world demand for rare earths set to spike with the move to alternate technologies a serious crunch is in the offing, with