Wednesday, September 29, 2010

China controls the rare minerals mining

Due to diplomatic spats, China has cut exports of 17 rare minerals to Japan. These minerals are used in many high tech industries and are irreplaceable. Due to low income, mines around the world stopped mining these metals and now China controls ninety five percent of this market. China is using it as a leverage, limiting exports and demanding that companies that want the raw materials will move to china. Due to the high demand of these minerals investors want to reopen some of the closed mines around the world. Five publically traded mining companies went up fifty percent and more.

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