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Beijing cornering strategic minerals.(INSIDE REPORT)
China is "cornering the market for an obscure group of minerals that are vital to high-technology industry," reported the January 22 International Herald Tribune. The Asian behemoth now supplies approximately 95 percent of the world's consumption of "rare earths," such as cerium, neodymium, lathanum, yttrium, and dysprosium. Although these substances have names that look like something Dr. Seuss coughed up after an all-night gin jag, they constitute "a class of minerals with properties that make them essential for applications including miniaturized electronics, computer disk drives, display screens, missile guidance, pollution control catalysts and advanced materials."
Not surprisingly, as China's rare-earth industry ...
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Source: HighBeam Research, Beijing cornering strategic minerals.(INSIDE REPORT)