China Rare Earth Stranglehold Shouldn’t Affect US

Forbes reported that China’s monopoly over rare earths doesn’t need to impact the US’s demand for electronics.

As quoted in the market news:

At peak 10,200 2007 U.S. consumption levels, supplies from known reserves would last nearly 150 years, and possibly more than one thousand years if other resources are explored and exploited. In addition, other friendly, stable countries like Australia and Canada have substantial rare earth deposits as well.

Click here to read the full Forbes report.