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China cuts mines vital to tech industry

 
Anonymous Coward
User ID: 12105791
08/08/2012 12:43 PM
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China cuts mines vital to tech industry
[link to www.cnn.com]

China will cut production of rare earths -- minerals vital for technology makers worldwide -- by 20%, a move that threatens to inflame trade tensions between Beijing and Washington.

The minerals include cerium, neodymium, dysprosium, tungsten and molybdenum. Tungsten, for example, is used in electronics, automotive, aerospace and medical technologies. China produces 91% of the world's tungsten. Molybdenum is a metallic element used for filaments in light bulbs. China produces 36% of the world's molybdenum.
Anonymous Coward
User ID: 20770363
Canada
08/08/2012 12:46 PM
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Re: China cuts mines vital to tech industry
If the U.S. doesn't begin paying off it's debt soon, China will just take more assets.
AlcoholicRunner

User ID: 7618588
United States
08/08/2012 12:48 PM
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Re: China cuts mines vital to tech industry
That will get mines going in USA... Not... thanks to radical environmentalists.
Anonymous Coward
User ID: 21385600
China
08/08/2012 12:50 PM
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Re: China cuts mines vital to tech industry
So dumb.
Anonymous Coward
User ID: 1536554
United Kingdom
08/08/2012 12:51 PM
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Re: China cuts mines vital to tech industry
Start WW3 already for fucks sake!

The sooner the better!

wall
Anonymous Coward
User ID: 7178757
United States
08/08/2012 12:52 PM
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Re: China cuts mines vital to tech industry
Just read yesterday that China had one of their mine Overlords get overpowered and killed in Nigeria, I think. They may be ill-prepared to respond heavily enough to that transgression from Bejing so perhaps threatening to pull out of Nigeria is what this headline represents and maybe it's just a knee-jerk reaction or a bargaining tool.
Anonymous Coward
User ID: 12513933
United States
08/08/2012 12:55 PM
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Re: China cuts mines vital to tech industry
That will get mines going in USA... Not... thanks to radical environmentalists.
 Quoting: AlcoholicRunner


There are no mines you fucking dolt. China sits on the vast majority of rare earth elements. Nothing to be done.
Anonymous Coward
User ID: 16324304
United States
08/08/2012 12:59 PM
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Re: China cuts mines vital to tech industry
If the U.S. doesn't begin paying off it's debt soon, China will just take more assets.
 Quoting: Anonymous Coward 20770363


Im amazed at how stupid Canadians are.
Anonymous Coward
User ID: 21385600
China
08/08/2012 01:02 PM
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Re: China cuts mines vital to tech industry
That will get mines going in USA... Not... thanks to radical environmentalists.
 Quoting: AlcoholicRunner


There are no mines you fucking dolt. China sits on the vast majority of rare earth elements. Nothing to be done.
 Quoting: Anonymous Coward 12513933


oh no, nothing at all. nothing like...innovation.
Anonymous Coward
User ID: 21385600
China
08/08/2012 01:03 PM
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Re: China cuts mines vital to tech industry
Just read yesterday that China had one of their mine Overlords get overpowered and killed in Nigeria, I think. They may be ill-prepared to respond heavily enough to that transgression from Bejing so perhaps threatening to pull out of Nigeria is what this headline represents and maybe it's just a knee-jerk reaction or a bargaining tool.
 Quoting: Anonymous Coward 7178757


BINGO
Anonymous Coward
User ID: 19228212
United States
08/08/2012 01:07 PM
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Re: China cuts mines vital to tech industry
That will get mines going in USA... Not... thanks to radical environmentalists.
 Quoting: AlcoholicRunner


There are no mines you fucking dolt. China sits on the vast majority of rare earth elements. Nothing to be done.
 Quoting: Anonymous Coward 12513933


YES, there are...
But US Enviros won't let us go after it.

The Mountain Pass mine was FORCED CLOSED by the EPA, but suddenly, everything was just fine, once Chevron sold it to HUGE DEMOCRAT DONATOR MolyCorp.

HUGE Rare Earth resources in Alaska, near Ketchikan, but the Enviros have said HELL NO! to going after those for 40 years. It involves STRIP MINING.

WAKE THE F**K UP, WILLYA??
Anonymous Coward
User ID: 2502917
United States
08/08/2012 01:09 PM
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Re: China cuts mines vital to tech industry
"China supplies most of the rare earth minerals found in technologies such as hybrid cars, wind turbines, computer hard drives and cell phones, but the U.S. has its own largely untapped reserves that could safeguard future"

From Tech News Daily.
Poriwoggu

User ID: 6678126
United States
08/08/2012 01:11 PM
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Re: China cuts mines vital to tech industry
That will get mines going in USA... Not... thanks to radical environmentalists.
 Quoting: AlcoholicRunner


There are no mines you fucking dolt. China sits on the vast majority of rare earth elements. Nothing to be done.
 Quoting: Anonymous Coward 12513933


YES, there are...
But US Enviros won't let us go after it.

The Mountain Pass mine was FORCED CLOSED by the EPA, but suddenly, everything was just fine, once Chevron sold it to HUGE DEMOCRAT DONATOR MolyCorp.

HUGE Rare Earth resources in Alaska, near Ketchikan, but the Enviros have said HELL NO! to going after those for 40 years. It involves STRIP MINING.

WAKE THE F**K UP, WILLYA??
 Quoting: Anonymous Coward 19228212


We are coming to the day when the environmentalists and the EPA are going to have to be kicked to the curb.

We need to produce things in this country and there are too many obstructionists.
Poriwoggu
Anonymous Coward
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United States
08/08/2012 01:16 PM
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Re: China cuts mines vital to tech industry
Computer production is dwindling as more people go to personal devices and businesses consolidate servers using virtual services.
Anonymous Coward
User ID: 6630717
Canada
08/08/2012 01:18 PM
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Re: China cuts mines vital to tech industry
That will get mines going in USA... Not... thanks to radical environmentalists.
 Quoting: AlcoholicRunner


There are no mines you fucking dolt. China sits on the vast majority of rare earth elements. Nothing to be done.
 Quoting: Anonymous Coward 12513933


You shouldn't call someone a fucking dolt and then proceed to show your ignorance on the topic.

First of all, China does not sit the vast majority or even a majority of REE resources - these resources exist in vast quantities throughout the world. They do currently produce over 90% of the world's current supply though. Big difference.

All the sabre rattling over China reducing their exports of these metals is hilarious. China decides to clamp down on the illegal mining to bring exports down to more reasonable levels. This is done through mine closures, consolidation, and prosecuting violators. In one province, the annual cap on production was 2000 tons but in reality, due to illegal mining, that number was 40000 tons last year. This is what they're trying to stop. They also claim the need to reduce exports because they don't have enough resource to satisfy their own needs in the coming years. Some estimate that China will be a net importer of REE's by 2016.

This is a great opportunity for early investment in non-Chinese REE producers. Whoever (of the hundreds of juniors and start ups) gets to production first is going to do very well. People wonder where the next Apple or Google is, REE's will make many savvy investors and earlybirds very rich - just be careful, there is lots of opportunity to get taken too.
Eye on the Ball
User ID: 16492785
Canada
08/08/2012 01:22 PM
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Re: China cuts mines vital to tech industry
Canada to the rescue!peace
Anonymous Coward
User ID: 21240264
United States
08/08/2012 02:59 PM
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Re: China cuts mines vital to tech industry
then china does not sell gadgets it makes , then china has an even larger sector of unemployed angry people , then the angry people get hungry and then shit happens )
Anonymous Coward
User ID: 1548115
United States
08/08/2012 03:08 PM
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Re: China cuts mines vital to tech industry
That will get mines going in USA... Not... thanks to radical environmentalists.
 Quoting: AlcoholicRunner


Yea damn them for not wanting this...
[link to americanmanufacturing.org]
Anonymous Coward
User ID: 20542092
Netherlands
08/08/2012 03:16 PM
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Re: China cuts mines vital to tech industry
They're 'stockpiling'

hiding
Anonymous Coward
User ID: 8443185
United States
08/08/2012 03:53 PM
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Re: China cuts mines vital to tech industry
97% of world market supplies of rare earth elements (REEs) come from China and look to become insecure in regard to meeting “green” energy targets, since exports of REEs are scheduled to be retained for Chinese energy projects. REEs are essential raw materials for the fabrication of high-performance magnets in hybrid cars and wind-turbines. Monazite sands contain around 45 – 48 % cerium, 24% lanthanum, 17% neodymium, 5% praseodymium, along with minor quantities of samarium, gadolinium and yttrium. Europium concentrations tend to be low, in the region of 0.05%, and very low concentrations of the heaviest lanthanides in monazite accord with the term “rare” earth for these elements, with correspondingly high prices. The thorium content of monazite is variable and can be as high as 20 – 30 %, although commercial monazite sands typically contain 6 – 12% thorium oxide. In view of the radioactive nature of thorium, a hazard is posed from waste produced in the processing of rare earth oxides, which contains it...
[link to www.forbes.com]

Many rare earth deposits aren't mined merely because of their thorium content which is currently consider a hard to get rid of waste product.

We have rich rare earth deposits here ...if we could only find some use for the thorium we could tap that resource locally which China initially was selling to the world cheap creating a dependent market and now they are increasingly restricting supplies. This latest move only being the most recent.
G. House

User ID: 15599840
Italy
08/08/2012 04:18 PM

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Re: China cuts mines vital to tech industry
If the U.S. doesn't begin paying off it's debt soon, China will just take more assets.
 Quoting: Anonymous Coward 20770363


The so-called debt to China is bonds that they CHOSE to buy.

Bonds mature after a certain amount of time and then you cash them in.

THAT'S how it works.

The US has NEVER defaulted on payment of bonds.

Being that as it is, US Bonds are STILL just about the most stable investment you can make.

There is NO COLLATERAL on these instruments, it is basically based on faith.

So...

if things DID go south on the bonds whoever held them would just have a piece of worthless paper, not the right to take anything.

STFU already.
"Everybody lies."
Anonymous Coward
User ID: 7420396
Australia
08/08/2012 04:24 PM
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Re: China cuts mines vital to tech industry
we have lanthanide mines here- owned by china
Anonymous Coward
User ID: 7178757
United States
08/08/2012 04:40 PM
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Re: China cuts mines vital to tech industry
Bonds are worthless in this or any other nation that has a fiat currency.
Anonymous Coward
User ID: 7178757
United States
08/08/2012 04:41 PM
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Re: China cuts mines vital to tech industry
Or at least the investor cannot reasonably be sure of recovering their initial investment in real money terms at the time the bonds mature.
Anonymous Coward
User ID: 20623132
United States
08/08/2012 05:42 PM
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Re: China cuts mines vital to tech industry
It doesn't matter.. they bought up the rights in the US .. you know, those billions of acres the fed owns and hands out for a few pennies an acre? Well, the Chinese love digging.
Anonymous Coward
User ID: 20623132
United States
08/08/2012 05:43 PM
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Re: China cuts mines vital to tech industry
It doesn't matter.. they bought up the rights in the US .. you know, those billions of acres the fed owns and hands out for a few pennies an acre? Well, the Chinese love digging.
 Quoting: Anonymous Coward 20623132


I mean it doesn't really matter. They can close those mines, they still have other ones ^^
Anonymous Coward
User ID: 4444880
United States
08/08/2012 06:24 PM
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Re: China cuts mines vital to tech industry
We have rich rare earth deposits here ...if we could only find some use for the thorium we could tap that resource locally which China initially was selling to the world cheap creating a dependent market and now they are increasingly restricting supplies. This latest move only being the most recent.
 Quoting: Anonymous Coward 8443185


Here's a good use for it: as a fuel source in a nuclear reactor designed by the scientists at Los Alamos:

[link to www.thorium.tv]

Also, this might be a good investment: TRER. They're sitting on over a billion dollars worth of Rare Earth Minerals with their project in Texas. Has a market cap of only roughly $15 million.
Anonymous Coward
User ID: 21305537
United States
08/08/2012 06:48 PM
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Re: China cuts mines vital to tech industry
Supposedly the US has these rare-earths too they are just unmined.
Anonymous Coward
User ID: 846701
United States
08/08/2012 08:15 PM
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Re: China cuts mines vital to tech industry
That will get mines going in USA... Not... thanks to radical environmentalists.
 Quoting: AlcoholicRunner


Not so, I bought stock and have 30% ownership in the Mountain Pass mine, I bought it when it was cheap, now that China blocked exports of rare earth magnets, the place has lit up like a huge Christmas tree.