Important issue very few people talk about.

Important issue very few people talk about.

Originally shared by vadim kaprielov

"China has broken the rules of global commerce by restricting exports of rare earths, tungsten and molybdenum, a move that benefited domestic industries, a World Trade Organization panel said on Wednesday

China accounts for 95% of global production of rare earths, a term covering 18 metals which are vital for many industrial and high-tech processes such as the production of smartphones, hybrid car batteries, wind turbines, steel and low-energy light bulbs"

http://www.google.com/hostednews/afp/article/ALeqM5jxDW4DHKWcN-Ymyl0miYKLVmOQxw?docId=1d2934ab-e63d-42b7-a1a7-d63fd88bdbf4&hl=en

"Some bullish investors had hoped for a surge in demand for rare earths used to make powerful magnets for electric cars, but some vehicle makers were shunning rare earths to cut costs and avoid supply risk

Luxury vehicle maker BMW's Mini E electric car and electric car manufacturer Tesla Motor's Roadster are powered by induction motors that do not use magnets made with rare earths"

http://in.reuters.com/article/2014/03/26/rareearths-prices-idINL5N0MN2MG20140326