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Saturday, September 26, 2009
9:00 AM TweetThis
  • Chinese threats to stop exporting rare earth minerals - with applications in electronic devices as well as wind turbines, hybrid cars and missiles - have touched off a boom around the world to develop alternative mines. One exec says three months ago "You couldn’t borrow 10 cents from anybody in the financial community [to develop a mine] ... We get inundated with calls offering financing these days."

This news story has 9 comments:

  •  
    If it's investment in mining in the USA, the environmentalists won't permit it. There are still plenty of valuable minerals in the US, but mining permits, no matter how mindful of the environment, are fought tooth-and-nail by the watermelons in the courts. And with Carter era judges these mining permits, no matter how lawful, always fail.
    Sep 26 11:05 AM | Link | Reply
  •  
    NIMBY... So what you are saying: you predict that the number of new permits will be equal to, or less than, the number of permits for new oil refineries in the U.S. Sounds about right!
    But look at the good side. In 20 years China might be full of played-out ghost mines, and the U.S. will be dictating terms to the Mandarins instead.
    Sep 26 11:22 AM | Link | Reply
  •  
    Mining generates carbon dioxide, the cause of the global warming which the ¨progressives¨ warn is the grave threat facing humanity (despite falling average temperatures). Come to think of it, breathing generates carbon dioxide. Thus the ¨liberal¨ support for assisted suicide and abortion. These people must be stopped or we will fund our great leader and his friends living in luxury while the rest of us alternately freeze and overheat in caves.
    Sep 26 11:25 AM | Link | Reply
  •  
    Calling Jack Lifton! Is it really so difficult to overcome environmental requirements for a rare earth mine? If they're found mostly colocated with more abundant metals then it may be just a matter of renewing whatever environmental study was used to launch the original base metal mine. Let's not look for more reasons to delay production of something crucial to civilization.
    Sep 26 12:16 PM | Link | Reply
  •  
    Is this government that crazy? Doesn't anyone in Washington value the $$$$$ that have been lent to the USA from China. I don't want to discuss the what if's of carbon dioxide and government permits to be issued.

    The real issue is why are we changing the way we treat our largest lender. Yes-you can discuss at length that we manufacture vertually nothing in this country but that is the fault of the government/legislation and large corporations, not China.

    A trade war at this point is the stupidist event that could possibly happen. The ramifications to the USA would probably be larger than to China.

    Even today, we have no governmental reporting as to the terms of the Treasury Bills they are purcashing. Are they still buying 30 year as opposed to 12 or 18 month notes????
    Sep 26 12:30 PM | Link | Reply
  •  
    global warming is a false religion with virtually no scientific basis.
    our world is hurting and has huge problems with poverty, disease
    illiteracy, unemployment, AIDs, killing babies, etc. the global warming zealots divert and distract from the true problems.
    bottomline the whole global warming craze is motivated primarily by greed - those few like algore, GS and others who hope to sell and trade carbon credits and offsets like indulgences and to profit from government and taxpayer funded so-called green industries.
    Sep 26 01:02 PM | Link | Reply
  •  
    If the secrity of the USA is in doubt because of lack or rare earth materials you can bet you last buck that Uncle will allow mining...its going to happen if its strategic and it is..hopefully were not all crazy...MarvinMBA
    Sep 26 02:03 PM | Link | Reply
  •  
    I think the executive who says "You can't borrow 10 cents from anyone in the financing community" must be so wrong! ave you seen the number of IPOs, secondaries, debt issues coming on to the market? The market has been just eating it all up and can't seem to get enough.

    Risk appetite is back. Now it is a matter of someone raising some capital to explore and find other places where such rare earths CAN be found. Africa is very mineral rich...US .. I guess we have to first find some place before they can get mining permits.

    We want our weapons of war - and if these elements are necessary to build them - then the government will give out the permits.
    Sep 26 02:22 PM | Link | Reply
  •  
    does anyone here find that pathetic? the only way anyone can envision a REE mine getting to production, is so that the US can build death machines to drop bombs on israels enemies? this is what its come to, your nation ruled by an insane banking/hate clique.
    Sep 26 03:20 PM | Link | Reply
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