China S Virtual Monopoly Of Rare Earth Elements

Rare Earth Elements are a group of 17 metals which have a central role in modern industry, increasingly used in the fields of green technologies, high technological consumer goods, industrial and medical appliances and modern weapons systems. Although deposits of Rare Earths are globally dispersed, over 90% of global demand has been provided by Chinese mines since the late 1990s, leading to a situation where China has a virtual monopoly. This book surveys the Rare Earths mining industry, discusses the extent to which Rare Earths really are scarce elsewhere in the world and assesses the economics of production, considering arguments for the rationing of supply, for higher pricing and for a total export embargo. This actually occurred in 2010, demonstrating the vulnerability of the rest of the world to China’s control of these increasingly vital resources.

Rare Earth Elements are a group of 17 metals which have a central role in modern industry, increasingly used in the fields of green technologies, high technological consumer goods, industrial and medical appliances and modern weapons systems. Although deposits of Rare Earths are globally dispersed, over 90% of global demand has been provided by Chinese mines since the late 1990s, leading to a situation where China has a virtual monopoly. This book surveys the Rare Earths mining industry, discusses the extent to which Rare Earths really are scarce elsewhere in the world and assesses the economics of production, considering arguments for the rationing of supply, for higher pricing and for a total export embargo. This actually occurred in 2010, demonstrating the vulnerability of the rest of the world to China’s control of these increasingly vital resources.

Resource competition, mineral scarcity, and economic statecraft -- What are rare earths? -- Salt and oil : strategic parallels -- How China came to dominate the rare earth industry

The contributors argue that rare earths are essential to the information technology revolution on which humans have come to depend for communication, commerce, and, increasingly, engage in conflict. They demonstrate that rare earths are a strategic commodity over which political actors will and do struggle for control.

Contents: (1) Intro.; (2) What are Rare Earth Elements (REE)?; (3) Major End Uses and Applications: Demand for REE; The Application of REE in National Defense; (4) Rare Earth Resources and Production Potential; Supply Chain Issues; Role of China; (5) Rare Earth Legislation in the 111th Congress: H.R. 4866, and S. 3521, the Rare Earths Supply-Chain Technology and Resources Transformation Act of 2010; H.R. 5136, the FY 2011 Nat. Defense Authorization Act; P.L. 111-84, the FY 2010 Nat. Defense Authorization Act; (6) Possible Policy Options: Authorize and Appropriate Funding for a USGS Assessment; Support and Encourage Greater Exploration for REE; Challenge China on Its Export Policy; Establish a Stockpile. Illustrations.

Owing to their unique magnetic, phosphorescent, and catalytic properties, rare earths are the elements that make possible teverything from the miniaturization of electronics, to the enabling of green energy and medical technologies, to supporting essential telecommunications and defense systems. An iPhone uses eight rare earths for everything from its colored screen, to its speakers, to the miniaturization of the phone?s circuitry. On the periodic table rare earth elements comprise a set of seventeen chemical elements (the fifteen lanthanides plus scandium and yttrium). There would be no Pokémon Go without rare earths. Rare Earth Frontiers is a work of human geography. Klinger looks historically and geographically at the ways rare earth elements in three discrete but representative and contested sites are given meaning.