Countering China's Dominance in the Rare Earth Element Market System

2012 Rare earth industry

Author : Eric O. Estep
Release : 2012
Genre : Rare earth industry
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Countering China's Dominance in the Rare Earth Element Market System by : Eric O. Estep

Download or read book Countering China's Dominance in the Rare Earth Element Market System written by Eric O. Estep. This book was released on 2012. Available in PDF, EPUB and Kindle. Book excerpt: This paper will discuss how the United States can exercise the economic element of national power to ensure access to rare earth elements (REE) in a China-dominated market system. Since the 1980's, China has gained a virtual monopoly in the mining and production of REE. Today, China produces over 95% of all REE used by the world. The United States, its allies, and trading partners become increasingly dependent on REE each day as the world evolves into a more information based high-technology driven society. REE are vital to the United States' high-technology economy, state of the art defense systems, and renewable and clean energy systems. China's virtual monopoly of REE allows Chinese control of prices, availability and production of high-technology products and materials to achieve Chinese political and economic ends. Since not all REEs can be produced in the United States, it is imperative that the U.S. creates a reliable, predictable, resilient, and cost effective REE global supply chain in addition to reestablishing a U.S. based production capability.

Rare Earth Elements and China's Dominance of the Global Market

2013-08 Business & Economics

Author : Anonym
Release : 2013-08
Genre : Business & Economics
Kind : eBook
Book Rating : 055/5 ( reviews)

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Book Synopsis Rare Earth Elements and China's Dominance of the Global Market by : Anonym

Download or read book Rare Earth Elements and China's Dominance of the Global Market written by Anonym. This book was released on 2013-08. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2012 in the subject Business economics - Economic Policy, grade: -, -, language: English, abstract: Almost twenty years after Deng Xiaoping stated: 'There is oil in the Middle East, but there is rare earth in China, ' the country controls the REE global supply almost solely. Recent Chinese policies of raising taxes and cutting export quotas combined with its temporary ban on REE exports led not only to steadily increasing prices. Most notably it created uncertainty among companies producing outside Chine whether they will be able to get sufficient amounts of REE in the future and how much this is going to cost. Because it will take several years until Western mining capacities meet Western companies' demand, some manufacturers in need of REE have already started to relocate their factories to China. Beijing claims that their policies are dedicated to tackle environmental problems which have been caused by mining REE. However, taken into account that Beijing policies also require Chinese partners for foreign companies that operate within China, Western companies that relocate their facilities may risk handing over knowledge to future competitors. Aware of the consequences that Beijing's new fondness for environmental issues brings, governments and companies especially in Japan, the U.S. and Europe try to find ways to decrease their dependencies. This report examines factors that led to China's dominance on the REE market today and presents some counteractions which governments and companies in Japan, the U.S. and Europe have introduced to mitigate this situation. The two principal findings of this report are: first, because Western mining companies will need time to meet their companies' demand, the current situation is going to sustain for at least a few more years to come; and second, although China runs the risk of selling off its REE resources abroad which it needs for its own economy at home, it may benefit from the technology trans

Rare Earth Elements and China’s Dominance of the Global Market

2012-01-03 Political Science

Author :
Release : 2012-01-03
Genre : Political Science
Kind : eBook
Book Rating : 322/5 ( reviews)

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Book Synopsis Rare Earth Elements and China’s Dominance of the Global Market by :

Download or read book Rare Earth Elements and China’s Dominance of the Global Market written by . This book was released on 2012-01-03. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2012 in the subject Business economics - Economic Policy, , language: English, abstract: Almost twenty years after Deng Xiaoping stated: ‘There is oil in the Middle East, but there is rare earth in China,’ the country controls the REE global supply almost solely. Recent Chinese policies of raising taxes and cutting export quotas combined with its temporary ban on REE exports led not only to steadily increasing prices. Most notably it created uncertainty among companies producing outside Chine whether they will be able to get sufficient amounts of REE in the future and how much this is going to cost. Because it will take several years until Western mining capacities meet Western companies’ demand, some manufacturers in need of REE have already started to relocate their factories to China. Beijing claims that their policies are dedicated to tackle environmental problems which have been caused by mining REE. However, taken into account that Beijing policies also require Chinese partners for foreign companies that operate within China, Western companies that relocate their facilities may risk handing over knowledge to future competitors. Aware of the consequences that Beijing’s new fondness for environmental issues brings, governments and companies especially in Japan, the U.S. and Europe try to find ways to decrease their dependencies. This report examines factors that led to China’s dominance on the REE market today and presents some counteractions which governments and companies in Japan, the U.S. and Europe have introduced to mitigate this situation. The two principal findings of this report are: first, because Western mining companies will need time to meet their companies’ demand, the current situation is going to sustain for at least a few more years to come; and second, although China runs the risk of selling off its REE resources abroad which it needs for its own economy at home, it may benefit from the technology transfer in the long run.

China and the Geopolitics of Rare Earths

2018 Business & Economics

Author : Sophia Kalantzakos
Release : 2018
Genre : Business & Economics
Kind : eBook
Book Rating : 932/5 ( reviews)

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Book Synopsis China and the Geopolitics of Rare Earths by : Sophia Kalantzakos

Download or read book China and the Geopolitics of Rare Earths written by Sophia Kalantzakos. This book was released on 2018. Available in PDF, EPUB and Kindle. Book excerpt: Resource competition, mineral scarcity, and economic statecraft -- What are rare earths? -- Salt and oil : strategic parallels -- How China came to dominate the rare earth industry

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