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China Halts Rare Mineral Exports To US And Europe, Prices Set To Surge
Date 20/10/2010 16:11  Author webmaster  Hits 1098  Language Global
20 OCT 2010

By Tyler Durden | Zero Hedge

The latest escalation in the binary version of modern warfare (i.e., that fought with a Bloomberg instead a stealth fighter), comes from China, which the NYT reports has just halted shipment of rare minerals to the US: "China, which has been blocking shipments of crucial minerals to Japan for the last month, has now quietly halted shipments of some of those same materials to the United States and Europe, three industry officials said on Tuesday."

As we disclosed a few weeks ago, prepare for an explosion in various rare metal prices...

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