Jan. 6, 2011
Rare Earth and Soft Power
Is China using its virtual monopoly over rare earth metals to exert 'soft power' over the international community?
James Wong
Executive Director
Chinney Alliance Group
James Wong is the executive director of the Chinney Alliance Group, a listed Hong Kong civil aviation contractor that represents U.S. high tech principals in China. He also serves as the Chair of the Communications Committee of the Southern California Chapter of the Association of Corporate Counsel.
China announced last week that it would cut 2011 rare earth exports by 35 percent. Is China using its virtual monopoly over rare earth metals to exert some sort of "soft power" over the international community?
What is rare earth and why is it so important? The term is used collectively to describe a group of 17 heavy metal elements near the bottom of the periodic table. The elements include yttrium, neodymium, erbium, and lathanum. Yttrium is used in microwave filters....
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