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Japan will shower private industry with $80B in an attempt to cut rare metal usage by one third....

Japan will shower private industry with $80B in an attempt to cut rare metal usage by one third. "By reducing the use of rare earths, finding alternatives, promoting recycling and diversifying supplies, we will escape dependence," says the official statement.
Comments (2)
  • Let's hope they are successful. Then we can copy whatever they come up with to reduce our own dependence on rare earth metals (China). But I don't quite understand how an $80Billion shower will make that happen... Maybe some well-targeted hosings might work, or simply a bath. If I had $80B I would probably choose to bathe in it.
    25 Feb 2011, 01:35 PM Reply Like
  • LOL, and I totally agree. If there were alernatives, economic or not, we would already know of them. I believe this supply issue will only be solved by additional mining, and it will take 5 to 10 years to supplant the Chinese near-monopoly.
    26 Feb 2011, 07:59 AM Reply Like
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