Chasing Rare Earths

Source:

"Companies that continue making their products outside the country must contend with tighter supplies and much higher prices."

New York Times, Keith Bradsher

China has long used access to its giant customer base and cheap labor as bargaining chips to persuade foreign companies to open factories within its borders.

REEs, Rare Earths

Now, corporate executives say, it is using its near monopoly on certain minerals—in particular, scarce metals vital to products like hybrid cars, cellphones and energy-efficient light bulbs—to make it difficult for foreign manufacturers of high-tech materials to build or expand factories anywhere except China. Companies that continue making their products outside the country must contend with tighter supplies and much higher prices for the materials because of steep taxes and other export controls imposed by China over the last two years. . . View full article

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