China Consolidates Grip on Rare Earths
Source: New York Times, Keith Bradsher††(9/15/11)
"China is taking the steps to improve pollution controls in a notoriously toxic mining and processing industry."
In the name of fighting pollution, China has sent the price of compact fluorescent light bulbs soaring in the United States.
By closing or nationalizing dozens of the producers of rare earth metalsówhich are used in energy-efficient bulbs and many other green-energy productsóChina is temporarily shutting down most of the industry and crimping the global supply of the vital resources.
China produces nearly 95% of the world's rare earth materials, and it is taking the steps to improve pollution controls in a notoriously toxic mining and processing industry. . .View Full Article