Recently, after a suit filed by United Steelworkers the U.S. had agreed to investigate China's huge subsidies for the clean energy industry. Yesterday, China cut off its supply of rare earth minerals to the U.S. This is the same tactic that China used to solve its South China Sea dispute with Japan. These minerals are critical in the production of nearly any high tech anything now. Furthermore, China announced yesterday that it intended to reduce its rare earth mineral exports by 40%, and another 30% next year. Many panicked companies have announced plans to re-open rare earth mines in California, Australia, and other places. Many believe that this is China's way of getting ahead on the perceived coming "clean energy" revolution.
http://oilandglory.foreignpolicy.com/posts/2010/10/19/is_it_a_clean_energy_trade_war_yet_china_cuts_off_rare_earth_shipments_to_the_us
William Ragan
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