Saturday, 21 November 2020

US Urgently Needs to Challenge China's Chokehold on Rare Earth Materials

 

US Urgently Needs to Challenge China's Chokehold on Rare Earth Materials

by Lawrence A. Franklin  •  November 21, 2020 at 5:00 am

Facebook Twitter WhatsApp Telegram Send Print
  • The Chinese Communist Party's near monopoly on most of these 17 rare earth materials (REM) is by now a US national security vulnerability of enormous strategic importance.... China's October 13 decision to curtail the export of these vitally needed rare earth materials should serve as an urgent warning to the U.S. to begin developing an independent supply chain of these materials.

  • The Defense Department has not acted with the sense of urgency demanded by the president.... Consequently, if US-China relations plummet to the point where conflict appears imminent, America's military would be disadvantaged should the Chinese decide to sever exports of REM to the US market.

  • The US would do well... by quickly decoupling its economy from dependency on China for rare earth materials -- and if possible, from everything else.

Pictured: Mined ore containing rare earth materials on display in Hohhot, Inner Mongolia, China. (Image source: Brücke-Osteuropa/Wikimedia Commons)

One of China's most significant advantages in the race to dominate future hi-tech industrial production, among just about everything else, is its chokehold on "rare earth materials" (REM). These are materials -- and the raw minerals from which they are extracted and processed -- vital to the manufacture, for instance, of advanced weapons, fossil-free alternative energy systems, communication devices, computer products, and microelectronic networks.

It is an area in which China has already established dominance . The Chinese Communist Party's near monopoly on most of these 17 rare earth materials is by now a US national security vulnerability of enormous strategic importance. China's October 13 decision to curtail the export of these vitally needed rare earth materials should serve as an urgent warning to the US to seriously begin developing an independent supply chain of these materials.

Continue Reading Article

No comments:

Post a Comment