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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.22-0.2%Nov 21 4:00 PM EST
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To: elmatador who wrote (87980)3/13/2012 8:07:49 PM
From: average joe  Read Replies (1) of 217960
 
"We want our companies building those products right here in America. But to do that, American manufacturers need to have access to rare earth materials which China supplies. Now, if China would simply let the market work on its own, we'd have no objections. But their policies currently are preventing that from happening," Obama said, stressing that the high-tech manufacturing at stake is "too important for us to stand by and do nothing."

Give it a year and the US and Canada will be producing more rare earth than China has dug up in the past three years. Why Obama is focusing on Chinese REEs makes no sense.
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