Richard McCormack on US Dependency on China: China’s Complete Control Of Global High-Tech Magnet Industry Raises U.S. National Security Alarms
10/02/2009
Reports of China's impending decision to restrict exports of rare-earth minerals has suddenly awoken the U.S. government to its dependence on China for virtually all of the permanent magnets and rare-earth materials used throughout the defense industrial complex. China controls more than 95 percent of the world's supply of rare-earth…