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looking beyond borders

foreign policy and global economy

Archive for the tag “rare earth metals”

Australia Eyes Rare Earth Deposits Amid Fears Over China Supplies

Australia will step up production of rare earths and other militarily sensitive “tech metals”, the country’s defense minister said, as doubts grow over the reliability of Chinese supplies. Linda Reynolds told an audience in Perth that resource-rich Australia had deposits that could safeguard supplies for allies including the United States and Britain. So-called tech minerals are used in everything from smartphones and lasers to avionic systems and electronic warfare technologies. But trade tensions have led China to warn that supplies of could be choked.

Read Here – Asia Times

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Erik Prince Has His Eye On Afghanistan’s Rare Metals

Controversial private security tycoon Erik Prince has famously pitched an audacious plan to the Trump administration: Hire him to privatise the war in Afghanistan using squads of “security contractors.” Prince, who founded the Blackwater security firm and testified last week to the House Intelligence Committee for its Russia investigation, has deep connections into the current White House: He’s friends with former presidential adviser Stephen Bannon, and he’s the brother of Betsy DeVos, the education secretary.

Read Here – Buzzfeed

The Looming Rare Earth Battle

A dozen Chinese rare earth companies have formed an industrial alliance to sue Japan’s Hitachi Metals for holding invalid patents and infringing patent rights of Chinese companies. The legal process could start in early September in the United States and China. At the center of the dispute is something called a neodymium iron boron magnet, a major product that accounts for half of rare earth consumption.

Read Here – China Daily

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