I found another article dated 6 Jan 2011 indicating that CHINA wants to sell value- added products. So there is no way that China will abandon its cap on rare earth metal. I think this is why the American are so concern there is a shift in power from America to China. In the same article, George Soro was quoted "There is a really remarkable, rapid shift of power and influence from the United States to China."
========================================== An official of Colorado-based Molycorp Minerals told me that wind turbine magnets require two rare earths, neodymium and praseodymium. These two are irreplaceable for their strength-to-size ratio.
China wants to sell value-added products like the turbines themselves, which they hope will encourage technology transfer -- you tell us how, we build it for you cheap. ============================================
LYC Price at posting:
$1.92 Sentiment: LT Buy Disclosure: Held
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