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monopoly, page-2

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    There is increasing international awarneness and alarm in relation to the Chinese rare earth monopoly. Recommended reading is the article dated 02/01/2010 in The Independent;

    Alkane has a strategic resource for both military and green technology industries. The fact that the demonstration pilot plant is partly funded by the Federal Government and housed in the Lucas Heights facility is of course, interesting.

    Just an excerpt from The Independent article;
    "European and North American companies are meanwhile racing to open or re-open mines in Canada, South Africa and Greenland amid calls in the US for government-backed loans to secure supplies of some REEs which are used in the guidance systems of missiles and laser-guided munitions. Toyota has effectively bought its own rare earth mine in Vietnam by signing an exclusive supply deal."

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