China’s Monopoly Over Rare Earths

Rare Earth prices have exploded thanks to China’s restrictions on export. Since they are used in high tech defense applications, our military is dependent on China. Since they are used in wind turbines, hybrid cars and other high tech alternative energy applications, it is China that profits from our centrally planned energy policy as we ignore abundant and cheap domestic conventional resources and channel taxpayer dollars into the politically correct dead ends.
Rare Earth Metal Prices Go Parabolic | zero hedge: www.zerohedge.com/article/rare-earth-metal-prices-…bolic

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