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Reliance on China for Rare Earth Poses Challenge for US
Jun. 07, 2012 06:43PM PST
Rare Earth InvestingEpoch Times reported that the US is at risk due to its dependence on China for supplies of rare earths.
Epoch Times reported that the US is at risk due to its dependence on China for supplies of rare earths.
As quoted in the market news:
The U.S. failure to act on the strategic significance of rare earth elements, a failure to perceive the China threat, and what some panelists regarded as an undue confidence that the global supply chain would self-correct, went alongside deliberate efforts on the part of the Chinese to gain dominance in the industry.