China Grabs EV And Hybrid Makers By The Nads And Blocks Rare Earth Metal Shipments
China, which has been blocking shipments of crucial minerals to Japan for the last month, has now quietly halted some shipments of those materials to the United States and Europe, three industry officials said this week.
The Chinese action, involving rare earth minerals that are crucial to manufacturing many advanced products, seems certain to further intensify already rising trade and currency tensions with the West. Until recently, China typically sought quick and quiet accommodations on trade issues. But the interruption in rare earth supplies is the latest sign from Beijing that Chinese leaders are willing to use their growing economic muscle.
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Steve -
10/20/2010 1:50:21 PM
+6 Boost
As they say, all is fair in love and war :-(
FWIW, China got into this position by selling rare earths on the world market at below cost (AKA "dumping"), and in doing so, made it unprofitable for competitors to compete, so they shut down their mines and refining facilities, leaving China as the primary world supplier. It looks like some bad stuff is coming down the pipe for the rest of the globe as China asserts its place as the manufacturing super-power, and super-consumer of the global stage... thereby making it a super-power.
Anyone know how to speak Mandarin?
Joe_Limon -
10/20/2010 1:56:17 PM
+3 Boost
not yet ;)
Bmw8ter -
10/20/2010 2:17:10 PM
+5 Boost
Time to go blow off my Firefly DVD collection and start preparing.
quizz -
10/20/2010 3:05:53 PM
+5 Boost
Yep, international business must be in Chinese 10 years from now.
Public elementary schools in Palos Verdes, CA give kids a choice of 2 tracks: English or Mandarin (everything taught in Mandarin, except English class)
People with kids need to keep this in mind when making them take Latin or French (2 languages that are as good as dead)
MorePower -
10/20/2010 8:11:07 PM
+4 Boost
First of all, that Firefly collection should never have dust on it.
As for China, I'm not surprised if they are actually doing this. It's a lot easier and faster to license or steal another entity's tech than develop it yourself.
As for the rare earth minerals, with advances in technology, expansion of regional & global free trade agreements and big business' interest in finding the cheapest labor, additional non-Chinese mines across the planet will re-open. Remember, they found vast reserves of Li in Afghanistan.
The question becomes how important is the Chinese market?
quizz -
10/20/2010 3:03:48 PM
+2 Boost
LOL what's up with the photo of the guy holding 2 glass balls? How does this photo have anything to do with the article? Is he even Chinese? LOL
wins555 -
10/21/2010 1:52:30 AM
+1 Boost
If you have to ask............
Steve -
10/21/2010 10:14:54 AM
+3 Boost
Inline6 wrote "...Most of you posting sound like some serious p*****s, ahhh the new America, men who are afraid to be men and give up before the fight even starts..."
Please share with us how you are changing this reality. Puffing one's chest on a forum or in Usenet is not the same thing as actually making a change. Ditto with an individual's purchasing decisions.
Yonder7 -
10/20/2010 4:59:12 PM
+1 Boost
Check Serenity Movie (CHINA AND USE will sand together,, Ha ha)..you'll enjoy it. However if they want to succed they will keep open the mines and will rise the price as much as it is posible. Also remember that that behavior have concecuences, we will look for alternatives (and we will find those). In rare cases as the SR-71 We use a lot of Titanium so we create Ghost companies and bought it from the largest Supplier : CCCP aka URSS aka Rusia. Father always says: There are men that wakeup earlier but for those, there are others that won't sleep.
Yonder7 -
10/20/2010 4:59:45 PM
+1 Boost
Correction: CHINA ans USA.
pcar4evr -
10/20/2010 7:29:43 PM
+1 Boost
check out Molycorp's stock (MCP) since it's IPO in July. Owns the only U.S. rare earth mine and is getting it up and running. I made enough on that stock in the past 3 months to pay for my new Porsche.
MorePower -
10/20/2010 8:14:32 PM
+2 Boost
I can't wait until China tells the world that if you want to sell cars in China:
you can only sell electrics or hybrids
you must turn over the technology to the People's Republic of China
you must license the manufacturing to a Chinese company
you must allow Chinese companies to use your design elements in Chinese cars
you must allow Chinese car companies to sell in your country in your dealerships, but the majority of the profit must go back to China
Lexus -
10/21/2010 12:38:51 AM
+2 Boost
@MorePower,
keep on dreaming dude. China is big but nowhere near the advancement of the west. And the only they got where they're at now because they steal many of the technology from the U.S. They even copy other countries cars design and element.
China is big, but I doubt that they can take on the whole world by itself. I know the U.S. need them but they need the U.S. as well.
wins555 -
10/21/2010 1:56:45 AM
+2 Boost
You don't have to wait, China already tells this to all foreign companies seeking to sell in China.
uaw_lax -
10/21/2010 9:43:53 AM
0 Boost
It's just time to pull out of China, china is a huge lose lose situation all the foreign oil just like Chavez in Venezuela oil companies out and made them state owned. There should be a standing policy when working in a country ran by a dictatorship DON'T!
Joe_Limon -
10/21/2010 10:19:32 AM
+1 Boost
I see you're a supporter of not so free trade. It's hypocritical to impose restrictions on countries and expect them not to impose them back.
uaw_lax -
10/22/2010 2:01:41 AM
+1 Boost
Free trade is only free if it is done fairly.Not much fair trade these days,
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