Update: I’ve done a bunch more reading on this since I wrote it and I don’t totally agree with everything I said anymore. Specifically, the monopoly was a long time coming and export quotas have been ticking down since 2005. Yes, the market failed, but China’s export quotas may have as much to do with protecting natural resources as sending a message to the market. Will file an update soon.
Today we got some awesome lulz and a few, well, less awesome, being the first day of the fourth month which is dedicated to chicanery and such.
Tonight I was reading up on mining and recycling of rare earth metals like the stuff in super strong magnets, wind turbines, hybrid car batteries, compact fluorescents and LEDs. I found a Government Accountability Office (GAO) report about rare earths in the defense supply chain. Strangely, it was published on April Fools Day … Read the restRead More