The Fed is spending billions on promoting technology that requires an ever-increasing access to rare earths. “Green” industries, very important, support them or be mocked by Jon Stewart.
But apparently China has a near-monoply on super-heavy dirt. And now China is reducing exports.
As the metals analyst asks,
“Why convert our economy so that we are dependent on a set of commodities over which we have no control?”
I think that’s a very good question. You?