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Discussion in 'Too Hot for Swamp Gas' started by HallGator, Jul 22, 2013.
Trying to break China's stranglehold on the market.
Rare earth isn't all that rare. China has all the production but only about a third of the material.
It is a bitch to mine as some is radioactive and other problems.
We had mining here, until W shut them down. Read about it then, bitched about it then, but few cared.
Article on rare earth and us shutting down production. We sold the Chinese our machinery to mine rare earth...
China mines 97% of the worlds Rare Earth elements. It's all a matter of getting the product to the market, regardless of how much of it one country supposedly has.
So, your hero, Krugman of the NY Times thinks the last POTUS killed that private industry? Check gain, it's the enviro-wakos that did it... halting it's dirty mining process, just like they doing to our coal, oil and NG.
Great subject matter, Hall. Repped.
What happened to all the rare earth element deposits they claimed to have found under the ocean a few years back?
The first article I found on a google serch now means I have a hero. Nope, just your usual BS.
Back then I was bitching about losing our only source of rare earth in this nation and letting price do anything that undercut our security was a dumbass move.
Not to mention the jobs which was also part of the reason many fought the closing.
Fact, we had a rare earth mine. Fact, it was needed due to security measures. Fact, many complained about letting China control a product that we might need to fight them. Fact, the mine was closed during W's term.
And yes, it does have some major environmental problems as some just don't like to glow in the dark... Even so, I was for keeping it open, W wasn't.
My granite countertops are radioactive.
Google molycorp for biggest U S mine
I don't know exactly what your point is here, but I hope we do get aggressive in the mining of our own rare earth elements. We should never allow our tech industries here in the U.S. to rely on foreign mined elements to make products here at home.
once the big money has secured the stock / ownership of the companeis with rights to the materials here in the US the gubmnt will announce a new program aimed at securing a strategic production capability that will underwrite the development of these mines here. Just waiting till the correct political donors have the positions they want.
Seems to me profitability will come as the prices rise. Same as will oil we are now extracting.
It has always been a security issue for me.
Urban mining, recycling the rare earths out of used products, is one way to keep the material out of landfills and add to our supply.
Other nations will also be looking to mine rare earths and the good news is the Chinese have pushed other nations into action.
After all, the rest of the world has two thirds of the product.