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Chinese monopoly on rare earth elements poses grave danger

By Alliance Alert

Shawn Ambrosino writing at Townhall: "But over the past couple of decades ? as more and more businesses deferred their production to the cheaper, overseas work-force ? China has slowly gained more and more control over this market, till last year, they produced over 97% of the world?s supply or Rare Earth elements . . . Rare Earth metals are vital for many of our defensive entities, used in such things as the magnets that help direct the fins on our smart bombs to the silencing the whir of the blades on some of our combat helicopters."

Full post as published by Constitutionally Correct on October 05, 2010 (boomark / email).