China is cutting back on rare earth metals exports. This will drive up the price of batteries by a mile. For some reason the batteries in hybrid cars was mentioned as an example, but that is a similar kind of batter that laptops and phones have. I'm confused. Anyway, thanks China.
China says they will not cut off the rest of the world. That would give people incentive to dig them up and process them elsewhere. They will just cut back the tap until they milk the world for every dime they can.
The U. S. has 15% of the world's reserves of rare earth metals. We are just too unwilling to dig them up. That would require opening up mines and getting hands dirty. Someone might stub a toe. The government would have to get involved and make everything run as efficiently as possible.
In completely unrelated news, Gold hit a new high Tuesday. This is old news. There is a bullet next to the price of gold these days.
Info from NPR Marketplace. Let me know if I'm wrong.
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