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To: KyrosL who wrote (71775)12/17/2009 9:52:00 AM
From: Haim R. Branisteanu  Respond to of 74559
 
May be the imports from China have affected the availability for the Chinese - but if one wants to buy USD he can easily do it on the FX markets

I think it is more to boost the USD so their portfolio looks prettier and give some reprieve to EU to make their export cheaper

After all luxury items from Channel,Cartie, BMW, MEBE Ferrary, Porshe etc., will be much cheaper in China now <GGG>



To: KyrosL who wrote (71775)12/17/2009 9:34:58 PM
From: Snowshoe  Read Replies (1) | Respond to of 74559
 
LOL, maybe TJ should stop bragging about China's REE monopoly...

Scientists discover new method of rare earth extraction from titanium dioxide minerals
Message 26185804

The discovery by researchers from Leeds’ Faculty of Engineering, if taken to industrial scale, the new process could eventually shift the balance of power in global supply, breaking China’s near monopoly on these scarce but crucial resources. China currently holds 95% of the world’s reserves of rare earth metals in a multi-billion dollar global market in which demand is growing steadily.