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| Economy |
| China reportedly cuts off rare earth minerals to US and EU |
| 2010-10-22 |
| China, which has been blocking shipments of crucial minerals to Japan for the last month, has now quietly halted some shipments of those materials to the United States and Europe, three industry officials said this week. “The embargo is expanding” beyond Japan, said one of the three rare earth industry officials, all of whom insisted on anonymity for fear of business retaliation by Chinese authorities. They said Chinese customs officials imposed the broader restrictions on Monday morning, hours after a top Chinese official summoned international news media Sunday night to denounce United States trade actions. Wang Baodong, a spokesman for the Chinese Embassy in Washington, said on Tuesday that the Chinese government was putting new restrictions on the mining, processing and export of rare earths to protect the environment. But he said that China was not violating any W.T.O. rules in doing so and that it was not imposing an embargo or trying to use rare earths as a bargaining chip. |
| Posted by:Nimble Spemble |
| #17 TOPIX/CHINA DAILY > SOUTH KOREA: POSSIBILITY OF [Third] DPRK NUCLEAR TEST CANNOT BE RULED OUT, albeit in Seoul's view the probability of a new Nuke Test by NOKOR remains low. NEWS KERALA > US: ANOTHER NORTH KOREA NUKE TEST WOULD BE "PROVOCATIVE". Not nice at all. * TOPIX > FRANCE BACKS EURO MISSLE SHIELD, BUT ONLY AS A BACKUP TO NUCLEAR ARSENAL [French Nukes = for NATO-EU]. |
| Posted by: JosephMendiola 2010-10-22 22:31 |
| #16 CHINA DAILY > JAPAN PLANS TO MINE RARE-EARTH MINERALS IN VIETNAM [for High-Tech Manufacturing]. versus * TOPIX/NEWS KERALA > BURNS: IT IS IMPORTANT TO THE US THAT INDIA BECOMES A MAJOR/GREAT POWER IN SOUTH ASIA [Asia]. OOOOOO, you just know this will bode well [NOT] wid RISING CHINA. |
| Posted by: JosephMendiola 2010-10-22 22:23 |
| #15 Actually now I think... the Chicoms have "state sponsored capitalism" a kind of neo-mercantilism, where the state-owned corporations (another arm of the government) muscle in to foreign markets/countries backed by the weight of the CCP They also widely manipulate their currency peg It's not too far of a stretch to think they also dabble in the markets - market manipulation Rare Earth Elements - a small group of thinly traded stocks china with monopoly of exports they can easily ramp up the price of said shares with restriction like they just did they can control the action of those little shares and make a killing on shorting them / trading futures etc they can play the markets like one giant casino and here in australia we well know the asian predilection for casinos..... just go to Macau: Vegas of the East. |
| Posted by: anon1 2010-10-22 18:43 |
| #14 damn why couldn't they have done this last year when i owned some rare earth mining stock? now they've run it up it's too expensive to buy back if it all settles down or there is a market crash you can look at: US market: MolyCorp Australian market: Arafura resources Australian/Canadian (i think): Lynas Corp |
| Posted by: anon1 2010-10-22 18:37 |
| #13 how's that progressivism workin out for ya? It SUCKS and is dangerous to liberty. |
| Posted by: JohnQC 2010-10-22 13:34 |
| #12 Welcome to the world of a diminished US; how's that progressivism workin out for ya? |
| Posted by: Keenster 2010-10-22 11:48 |
| #11 Embargoing lanthanoids invites the reception of actinoids and perhaps a little tritium too, delivered by air. |
| Posted by: rwv 2010-10-22 09:58 |
| #10 Now the Chinese get to see who supports them in this matter. You support China, you get some rare earths to sell at high rates. You also go in to get sized for a pair of knee pads, cause you're going to need them with all the kowtowing you're going to do. |
| Posted by: gromky 2010-10-22 09:29 |
| #9 My $0.02 sez that the chicoms are just engaged in market manipulation for short term gain Imitating OPEC? |
| Posted by: g(r)omgoru 2010-10-22 08:54 |
| #8 My $0.02 sez that the chicoms are just engaged in market manipulation for short term gain. When it looks like other sources will come on line, the embargo ends. Never attribute to malice that which can be explained by incompetence, folly, short sightedness, etc. |
| Posted by: nGuard 2010-10-22 08:18 |
| #7 "Rare earths" are not as rare as the article suggests. They exist in other countries, too (incl. US and Canada) but exploitation is less viable due to environmental restrictions. If China exports less exploitation in other countries becomes viable. Not much to worry about |
| Posted by: European Conservative 2010-10-22 03:10 |
| #6 WORLD NEWS > UN: NORTH KOREA HEADED TO [chronic]NEW FOOD CRISIS. |
| Posted by: JosephMendiola 2010-10-22 02:35 |
| #5 CHINESE MIL FORUM > PLAN [Submarines] IS JAPAN'S ONLY REAL PROBLEM [mil threat to Japan]. * SAME > BIOLOGICAL WARFARE THAT ONLY KILLS NON-KOREANS BEING CONTEMPLATED [in DRPK = NOKOR] | IS NORTH KOREA TESTING WMDS [BioWar + ChemWar] ON CHILDREN [+ Women], falsely setting up ordinary North Koreans as "FAKE POLITICAL PRISONERS", ETC. for covert use as MIL-RELATED GUINEA PIGS??? |
| Posted by: JosephMendiola 2010-10-22 02:29 |
| #4 ION CATHAY, FREEREPUBLIC > [Shinzo Abe] JAPAN'S FORMER PM SAYS CHINA SEEKING "LEBENSTRAUM" ["living space", ala WW2 Germany]. ABE = CHINA DESIRES TO ACQUIRE NEW "STRATEGIC FRONTIERS" AS ITS NATIONAL, GEOPOL POWER RISES OR EXPANDS. * WAFF > [Japan Times] JAPAN TO INCREASE ITS SUBMARINE FLEET TO 22 FROM 16. IMO read, Anti-PLAN ASW. SAME = US MARINE COMMANDER: US MARINES IN OKINAWA NECESSARY FOR [China, DPRK] DETERRENCE. * WMF > JAPAN DEFENSE MINISTRY: US, JSDFS MUST MIL COOPERATE TO LIMIT CPLAN NAVAL OPERATIONS TO CHINA'S COASTS. * WAFF > ARE THE CHINESE [closely covertly]LINKED TO THE IRANIAN ARMS INDUSTRY?, espec as per Iran's LR Missles + NucProgs. ARTIC = CHINA likely has no fear of detection by the UN or Internat Community because it recognizes THERE IS NO ONE WID POLITICAL WILL TO STOP, DO ANYTHING ABOUT IT??? |
| Posted by: JosephMendiola 2010-10-22 02:23 |
| #3 Beijing is still a flux on how to balance China's desire for econ-led national modernization, versus internal protection of Chinese natural resources. THE CPC KNOWS "RISING CHINA" AT THIS TIME DOESN'T HAVE THE RELIABLE MICROS OR MACROS, ETC. TO PROTECT ITS RARE-EARTH RESERVES FROM DOMESTIC, FOREIGN WASTE-N-ABUSE. Hence we have * TOPIX/WMF > CHINA: THE US NEEDS 15 YEARS TO DEV ITS OWN RARE-EARTH INDUSTRIES. US' need for "15 Years" dev = China's "15 Years" [15-20 before runs out]. |
| Posted by: JosephMendiola 2010-10-22 02:09 |
| #2 Many metals only found in china used for hardened metal and magnets in US weapons and technology. |
| Posted by: Jeremiah Flainter9609 2010-10-22 01:20 |
| #1 Wang Baodong, a spokesman for the Chinese Embassy in Washington, said on Tuesday that the Chinese government was putting new restrictions on the mining, processing and export of rare earths to protect the environment. But he said that China was not violating any W.T.O. rules in doing so and that it was not imposing an embargo or trying to use rare earths as a bargaining chip. No, no, certainly not a bargaining chip. Well, two can play the game as well as one. Beware of sh*tting in your messkit. |
| Posted by: Alaska Paul 2010-10-22 01:11 |