chinese rare earths vital to us military equipment
In this case, you scratch your head and want to know what they\'re thinking? Rare earths are used to make metals like nd and sm, which are used in a variety of things. The engine of a hybrid car, the horn, etc. There is a lot of military equipment. From Bloomberg Businessweek. They reviewed rare earths because China\'s exports accounted for more than 90% of the total exports. China began to restrict exports of metals, resulting in a sharp rise in costs. Earlier this week, China briefly stopped exporting metal to Japan. The United States has rare earth industry in the past. Our rare earth reserves are second only to China, ranking second in the world. But despite the impact of national security, it\'s just cheaper to buy it from China. Read the whole thing, fascinating article.