China expands embargo of rare earth metals.. - DFWstangs Forums
 
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post #1 of 11 (permalink) Old 10-20-2010, 06:30 AM Thread Starter
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China expands embargo of rare earth metals..

These metals are pretty important for manufacturing. Frankly I think China is making a very long term mistake.

All three articles pretty much say the same thing..

http://www.cnbc.com/id/39751484

http://www.breitbart.com/article.php...show_article=1

http://www.nytimes.com/2010/10/20/bu...al/20rare.html

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post #2 of 11 (permalink) Old 10-20-2010, 07:35 AM
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I was wondering how long it would take china to shoot back since we have been calling them a currency manipulator and blaming them for our economic woes.

Sound like the prelude to protectionism and a trade war. The US economy will suffer high inflation if we loose our cheap imported goods.
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post #3 of 11 (permalink) Old 10-20-2010, 08:00 AM
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We should lose our cheap imported goods. I want to see that happen. Chiefly because right now the economy can take some inflation just fine. We are in a borderline deflation scenario so an increase in prices would actually be good. And the end result would be the return of some jobs from China to the US.

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post #4 of 11 (permalink) Old 10-20-2010, 08:22 AM
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China has been pushing some buttons lately... not just this but messing with Vietnamese fisherman. Shit we just sent a destoyer to Vietnam 6 weeks ago to send a message. Something is gonna go down with China, and the US will be involved. I think it's only a matter of time...
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post #5 of 11 (permalink) Old 10-20-2010, 08:44 AM Thread Starter
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Quote:
Originally Posted by 4DRSS View Post
China has been pushing some buttons lately... not just this but messing with Vietnamese fisherman. Shit we just sent a destoyer to Vietnam 6 weeks ago to send a message. Something is gonna go down with China, and the US will be involved. I think it's only a matter of time...
Don't forget all that shit going on with Japan. It all started over a few islands.

Too bad Japan and South Korea can't get their heads out of their asses and get on the same page. They look at each other as adversaries when they are far from it. I suppose that is typical Asian Pacific racism in play.

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post #6 of 11 (permalink) Old 10-20-2010, 09:46 AM
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Stagflation time.
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post #7 of 11 (permalink) Old 10-20-2010, 10:08 AM
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Stepping back to see the bigger picture: in little more than two decades China has achieved absolute dominance in the raw materials side of rare earth and forced much of the manufacturing industry to move to China.

The wind farm and the hybrid car - the two key technologies in the transition to green energy use - are completely reliant on rare earths.


http://www.bbc.co.uk/blogs/newsnight...reat_game.html

This is an older article, 2009, but has some pretty good info on how the rare earth industry is developing.

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post #8 of 11 (permalink) Old 10-20-2010, 10:23 AM
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So if our manufactering is in China how does that affect us here? The minerals are in China, the stuff is made in China, the stuff gets put on a boat and shipped over here with the toxic lead painted toys.

Are they banning the export of goods made with rare minerals or just the minerals themselves?

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post #9 of 11 (permalink) Old 10-20-2010, 10:30 AM
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Quote:
Originally Posted by Sgt Beavis View Post
Don't forget all that shit going on with Japan. It all started over a few islands.

Too bad Japan and South Korea can't get their heads out of their asses and get on the same page. They look at each other as adversaries when they are far from it. I suppose that is typical Asian Pacific racism in play.
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I bet alot of Asian countries are still wary of Japan, just because they don't threaten them anymore doesn't erase the history of Japan in the 30's and 40's
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post #10 of 11 (permalink) Old 10-21-2010, 12:15 AM
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I dont trust the commie bastards. Something is def gonna happen and i hope we crush them as easily as some people think but i dont know..

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post #11 of 11 (permalink) Old 10-21-2010, 08:42 AM
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Originally Posted by AL P View Post
We should lose our cheap imported goods. I want to see that happen. Chiefly because right now the economy can take some inflation just fine. We are in a borderline deflation scenario so an increase in prices would actually be good. And the end result would be the return of some jobs from China to the US.
I agree. The US is a huge customer to china, and if we quit buying shit from them and started making it here again it would be a double good thing.

China is a recently wealthy, huge, communist nation. Prudent people would be wary of them.
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