China, which accounts for 95% of all of the supply of rare earth minerals, has announced a 72% cut in the exports of rare earth minerals for the 2nd half of 2010. If this continues, green energy companies outside of China will be decimated and not only will we be at the mercy of China for the rare earth minerals, we will be at the mercy of China for the green energy products they produce such as wind mills, solar panels, hybrid car batteries, etc.
If pressure on China is not successful, then a trade war and even world wide depression will quickly follow. Follow this story as it is important.
Business News Nework, out of Canada reported this story. They start at the 54 second mark in the video.
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