Friday, October 29, 2010

China Resumes Rare Earth Metal Shipments?

A full month and more after China stopped shipping rare earth metals to their trading 'partners' and mere hours before Secretary Clinton was to wave her finger at them and threaten to write them a nasty letter, China started letting rare earths out of their ports again.

This can be seen as a won or failed attempt, depending on what they were trying to accomplish. I am inclined to think it was a failure, as their main customers started recycling and their secondary customers started making moves to open up their own rare earth mines again. We'll see how this is spun in the news in the coming days.

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