Embargoes

Huffingtonpost.com reports that rare earths are actually abundant but China has a monopoly.

The editorial is quoted as saying:

China is retaliating against the U.S.T.R.’s scrutiny. Despite its denials, it is beginning to impose what experts are calling an “embargo” on shipments of “rare earths” to the United States and elsewhere. Rare earths — not the 60s-era soul band out of Detroit — are critical materials used to manufacture items as diverse as cellphones, wind turbines, guided missiles and pharmaceuticals.

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