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Tuesday, March 23, 2010

Intel briefs: China's resource stranglehold on ‘rare earth’ minerals

Key 'rare earth' ingredients being consolidated under red banner

Chinese efforts to secure control of the world's limited resources of strategic materials have made the U.S. defense industry increasingly dependent on the communist nation to keep many U.S. weapons systems operational, according to a report from Joseph Farah's G2 Bulletin.

The U.S. Departments of Defense and Energy intend to develop a strategic plan to cope with the national security implications of China's dominance of the global supply.

For some time, China has undertaken an aggressive effort to acquire access to limited strategic rare earth minerals in Africa and Latin America.




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