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King: China's rare earths monopoly controls our destiny


King: China’s rare earths monopoly controls our destiny
Llewellyn King
© Provided by Boston Herald
APRIL 5, 2021 - A photo taken on August 20, 2012 shows a general view of a rare earth refinery north of the inner Mongolian city of Baotou. Getty Images
A world commodities rebalancing is underway, and China is in a position of dominance. Take lithium, where China is a major processor and battery manufacturer; cobalt, where China has dominated the supply chains; and rare earths, where China has an almost total monopoly. Taken together, these three commodities are key to the future of alternative energy, electric vehicles, mobile phones and even headphones. ....

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