China's industry minister Xiao Yaqing spoke on Monday, intimating the country's rare earths may be 1. priced too low2. being produced as too great volumesFrom time-to-time China threatens to reduce/withhold supply of the minerals. In a separate report, Former Pentagon advisor Jason Israel China has the vast amount of both rare earth processing capabilities and miningit can really chokehold rare earthsan F-35 fighter jet in the US has about 400 kilograms of different rare earths inside so the fact that China holds those is very interesting"Australia has the sixth largest reserves so it's very interested in how it could become more of a player."
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