Just one planet like it
January 29, 2011 7:15 AM Subscribe
Electronics companies all over the world are increasingly reliant on certain rare metals, most of which are mined in China, which controls 97 per cent of the global supply.
The Chinese government has promised to slash export quotas to ensure future sustainability of the world's supply of rare metals. China will drop its quota by 35 per cent in the first half of this year as compared with the same time last year.
But despite its escalating consumption of rare metals and the need for future sustainability, the West's electronics industry is mistrustful of China's motives and claims that the move has more to do with the mainland's desire to dominate electronics manufacturing than ensuring the future sustainability of the world's supply of rare metals.
posted by infini (18 comments total)
5 users marked this as a favorite
Greening conscience or resource checkmate
? The rare earth trilogy covers eWaste harvesting
, restarting interest in mines
and dithering around trade
regulations, all in one neat package.Previously
buried linkdeep in November 2009 "Rare Earth: The new Great Game
" which ends almost presciently so:
The FT's Martin Wolf reminds us we are stacking up a potentially huge conflict between the US and China over trade and currency - and these two issues are what dominate the thinking of free-market, Western-trained economists when they think of China.
But it seems to me that the West has been largely blindsided by the growing importance of resource strategy. While the West was thinking about one thing, the big Asian industrial powers were thinking about another.