China produces some 95% of the world’s rare metals, mostly mined in Mongolia. With its virtual monopoly over the world’s rare earth elements (REE) supply, China is considering banning the export of some and drastically reducing the export of others to ensure sufficient supply for its internal demand. So why do we care?
REEs are essential [...]
Posts Tagged ‘china’
2009 Gloom & Doom Update: Social Unrest in China
Double, double toil and trouble;
Fire burn, and caldron bubble.
- Macbeth, Shakespeare
Chinese factories are laying off people as their exports have slowed down. The numbers reported today are 20 million unemployed or about 15% of their workforce. With fewer orders being placed by other countries not as many workers are needed. Chinese cities are seeing reverse [...]
