NYT Article On China and Rare Earth Supply

dhsierra1 · #1 09-16-2011, 10:34 AM

Found this today in the NYT:

http://www.nytimes.com/2011/09/16/bu...pagewanted=all

KJung · #2 09-16-2011, 12:42 PM

I read that. Good article. Interesting that they not only raised the prices like crazy, but have now literally halted production on most of the rare earth processing facilities.

I'm glad I have all the neo cabs I could ever need at this moment!

gkbass13 · #3 09-16-2011, 12:52 PM

Good article, glad I just bought two of Jim Bergantino's neo cabs!

dhsierra1 · #4 09-16-2011, 04:52 PM

What I find particularly interesting is that the Chinese govt is using the reasoning of "environmental hygiene" to put the kibosh on production

Not that I'm saying that's not a good reason, however, it seems a tad convenient......

Wishing I snagged those neo's a year ago....

Tunaman · #5 09-16-2011, 05:17 PM

When the USA is printing money at a furious rate, they are fighting back. I love how the stock market is up 5 days in a row as the USA Fed prints money to loan to Europe, um HELLO WE ARE 15 TRILLION IN DEBT & LENDING TO THE ENTIRE CONTINENT OF EUROPE?

This is the new face of global currency wars... I PROMISE it will get much worse.

jeff7bass · #6 09-16-2011, 05:36 PM

Quote:

Originally Posted by Tunaman

When the USA is printing money at a furious rate, they are fighting back. I love how the stock market is up 5 days in a row as the USA Fed prints money to loan to Europe, um HELLO WE ARE 15 TRILLION IN DEBT & LENDING TO THE ENTIRE CONTINENT OF EUROPE?

This is the new face of global currency wars... I PROMISE it will get much worse.

At the risk of getting BANNED AGAIN, it's difficult to respond to this topic without getting political BUT the USA is sitting on mines that produce NEO yet they are not being used, much like our own oil we aren't harvesting.

Add to that the Solyndra fiasco and the Finnish Automobile loan (another 500 million dollar deal negotiated by AL GORE) and basically the world makes no sense.

dhsierra1 · #7 09-16-2011, 05:49 PM

Yeah, I know this topic touches on a lot of nerves politically and otherwise. Not my intention to fan the flames of controversy, just doing my part to keep the community informed of the forces outside music that impact us. Peace, y'all

remo · #8 09-16-2011, 05:56 PM

Japan finds alternative to China's rare earth metal stranglehold - US Message Board - Political Discussion Forum

Tunaman · #9 09-16-2011, 06:00 PM

Yeah my nerves aren't touched & I love yall. I'm just predicting how it goes down. As printed money globally is used to devalue their currency to improve their economies, Japan, Europe, USA, (Swiss even a GOOD economy has to print now)... China will hoard things of value (Gold) vs paper currency
No need to bring parties into this, both of those wont help. We are all held hostage to Federal Reserve banks globally that do what they want with our currency without any voter accountability.

We who cannot print will alas be left behind as governments hoard precious metals, oil & NEO as WAR with each other

LAG · #10 09-16-2011, 06:55 PM

Quote:

Originally Posted by Tunaman

When the USA is printing money at a furious rate, they are fighting back. I love how the stock market is up 5 days in a row as the USA Fed prints money to loan to Europe, um HELLO WE ARE 15 TRILLION IN DEBT & LENDING TO THE ENTIRE CONTINENT OF EUROPE?

^ this

R Baer · #11 09-16-2011, 07:08 PM

Quote:

Originally Posted by Tunaman

.. um HELLO WE ARE 15 TRILLION IN DEBT & LENDING TO THE ENTIRE CONTINENT OF EUROPE?

But, do you think any of us small business owners can get a loan?

**nutdog** · #12 09-16-2011, 07:11 PM

Quote:

Originally Posted by R Baer

But, do you think any of us small business owners can get a loan?

Just be quiet and pay your taxes.

f.clef · #13 09-16-2011, 07:15 PM

Quote:

Originally Posted by nutdog

Just be quiet and pay your taxes.

What, are you one of those little people that actually pay taxes? Yewwwwhhhh... Go out there and "make" some money, dude!

dhsierra1 · #14 09-16-2011, 07:18 PM

all I'm going to say is that I hear you all

Tunaman · #15 09-16-2011, 07:37 PM

Quote:

Originally Posted by dhsierra1

all I'm going to say is that I hear you all

Yeah, theres no real reason to fight, its pretty clear whats going on. We just have to figure out how to protect ourselves from hyperinflation. Which is why Germany is the ONLY country not on board with all this debt & printing, they are the only ones that have lived through it. We absolutely will. Buy more gear because a P bass will cost $3000 in a few years. Your grandparents would have laughed at that, but they also would have laughed at $4 gas when they were paying 10c & 400K houses when they bought them for 5 grand.

Wealth theft from the people is SO easy through slow inflation that ALL governments around the globe can't resist.

1n3 · #16 09-16-2011, 07:51 PM

You guys are just asking for a thread lock. I'd love to debate government policies with some of you, but not here.

Back to the topic -

Quote:

Originally Posted by jeff7bass

... BUT the USA is sitting on mines that produce NEO yet they are not being used...

As far as I know, the largest US rare earth mine is ramping up to production as fast as they're able; also true in Australia and elsewhere. As expected, given current prices. But that production won't help us for a while.

Interesting article, Remo. First I've read of ferric oxide as a neodymium substitute.

Tunaman · #17 09-16-2011, 08:04 PM

Quote:

Originally Posted by 1n3

You guys are just asking for a thread lock. I'd love to debate government policies with some of you, but not here.

Unfortunately the reality of the price of oil, gold, NEO etc has everything to do with global monetary supply. Ferrous Oxide also will follow that trend. Nice to know there are alternatives though

R Baer · #18 09-16-2011, 09:40 PM

Quote:

Originally Posted by 1n3

...As far as I know, the largest US rare earth mine is ramping up to production as fast as they're able; also true in Australia and elsewhere. As expected, given current prices. But that production won't help us for a while.

I'm not betting on that mine opening up and delivering their ore at a substantially lower price than China. World demand for neo is going to keep prices up, IMO. That is, unless China drops their prices in an effort to put the US mines out of business... again.

genstormbringer · #19 09-16-2011, 10:03 PM

Quote:

Originally Posted by LAG

^ this

I love the avatar brah.

genstormbringer · #20 09-16-2011, 10:18 PM

Quote:

Originally Posted by R Baer

I'm not betting on that mine opening up and delivering their ore at a substantially lower price than China. World demand for neo is going to keep prices up, IMO. That is, unless China drops their prices in an effort to put the US mines out of business... again.

At some point the USA has to get back in the game or we/they will loose. We have to produce in order to keep the price down you cannot let one country dictate the terms here.
Sooner or later someone is going to get really ticked at China. Then you'll see The People's Liberation Army goose stepping in the streets of Beijing and the Chinese govt posturing/trying to intimidate other govts. Sad really sad!!!