Earlier this year, the world was jolted when China apparently cut supplies of rare earth metals to Japan. In addition, China has announced that it is dramatically tightening its export quotas on the metals. This is big news because China produces 97 percent of the world’s supply of the 17 rare earth metals. Rare earth metals are used in everything from wind turbines to oil refineries, Priuses to iPhones, and flat screen TVs to smart bombs.
Source: http://www.realclearpolitics.com/2010/11/25/the_rare_earth_metals_crisis_that_wasn039t_246330.html
Elizabeth Dole Evan Bayh Frank Lautenberg George H. W. Bush George LeMieux
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