China has stopped production of rare earth materials. They produce 95% of the world supply. Citing concerns for environmental impact, they have stopped production in their mines.
What this means to you is ‘green technology’ items will skyrocket in price. Include are compact fluorescent lights, gas/electric cars and giant wind turbines. Interesting that to save the environment, we have to pollute the environment.
While China may violate international trade rules that prohibit withholding essential materials, they will see profits. The cost increases compared to a $2 cup of coffee in the past year would have that coffee costing almost $25.
Let’s hear it for the Chinese. They have found that you can get rich off a plan to pollute the environment while saving the environment.
PMO
©2010
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