Sharply raising the stakes in a dispute over Japan’s detention of a Chinese fishing trawler captain, the Chinese government has blocked exports to Japan of a crucial category of minerals used in products like hybrid cars, wind turbines, oil refinery process and guided missiles. Chinese customs officials are halting shipments to Japan of rare earth elements (REE), preventing them from being loading aboard ships at Chinese ports, industry officials said on 23 September.
China has been the world largest resources of these Rare Earth metals majority will be in Bao Tao in Magnolia.
Question is what are Rare Earth metals? Earth elements or rare earth metals are a collection of 17 chemical elements in the periodic table, namely Scandium, Yttrium, and the fifteen Lanthanides. Scandium and yttrium are considered rare earths since they tend to occur in the same ore deposits as the Lanthanides and exhibit similar chemical properties.
Earth, Tang Siu Ping had said, Middle East has Crude Oil and China has Rare Earth.
We estimate that there are about 90,000,000 ton so if these stuff of metals, well China is has almost 50% of these rare Earth metal ranked top 1 in the world largest resources, followed by Russia, Brazil, Europe and USA.
These are some of the ingredients for Hi technology products; Laser, Nuclear Battery , X-ray tubes, Computer, Missiles, Oil Refinery industry..etc...
In the old days we sold this stuff to Japan as Flour and they use this flour to make delicate cakes and sell them back to China at a price 1,000 times more expensive.
Japan has been the main buyer of Chinese rare earths for many years, convert them for a wide range of industrial purposes, making glass for solar panels. They are also used in small steering control motors in conventional gasoline-powered cars as well as in motors that help propel hybrid cars like the Toyota Prius. Each Prius uses up to two pounds of these rare earth metals, although Japan has released our Fishing Boat trailer Captain 0400 25 Sept…We should not sell these Rare Earth Element to Japan anymore unless they come and work with China on how to further explore and turn these Raw material into finished product together.