Built to Fail: How Democrat Power Obeys All the Wrong Laws
The following article, Built to Fail: How Democrat Power Obeys All the Wrong Laws, was first...
China restricts exports of seven rare earth metals to all countries. That’s exactly what President Trump predicted. China is a chief producer of these metals, and now they are keeping them from the rest of the world. After weeks of searching, the trio hit what they thought was pay dirt. Their instruments detected intense radioactivity in brownish-red veins of ore exposed in a rocky outcrop within California’s Clark Mountain Range. But instead of uranium, the brownish-red stuff turned out to be bastnaesite, a mineral bearing fluorine, carbon and 17 curious elements known collectively as rare earths.
Traces of radioactive thorium, also in the ore, had set the Geiger counters pinging. As disappointing as that must have been, the bastnaesite still held value, and the prospectors sold their claim to the Molybdenum Corporation of America, later called Molycorp. The company was interested in mining the rare earths. During the mid-20th century, rare earth elements were becoming useful in a variety of ways: Cerium, for example, was the basis for a glass-polishing powder and europium lent luminescence to recently invented color television screens and fluorescent lamps.
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