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Dills, FL | As a follower of the thorium crowd it appears China controls 99% of the rare earth industry in the world. Plenty of certain rare earths here but GM sold the fledging rare earth industry leader they owned called Magnaquench back in the 80's and China has become world dominate with the technology . Dirty industry over there I understand. Over 100 of our military devices are completely dependent on china rare earths to function and the Dept. of Defense has to ask congress annually for an exemption to obtain. That's why the chinese have our blueprints, in order to make the correct components. Has been speculated 2018 was when China would consume all they could produce as that's where the money is making end use part not just the powdered metal. https://youtu.be/CARlEac1iuA and https://youtu.be/Dih30mUexrA | |
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