Playing with a Rare Earth Pyre

It’s 2012, an election year in the U.S. That’s why you hear President Barack Obama coming out with pronouncements and opinions about niche industries that rarely hit the headlines.

Case in point (this comes from a Political Punch column on the abcnews website):

“President Obama today stepped up efforts to enforce U.S. trade rights with China, announcing new plans to challenge China’s export limits on rare earth and other minerals key to high-tech manufacturing.

“We want our companies building those products right here in America. But to do that, American manufacturers need to have access to rare earth materials which China supplies,” the president said at the White House Rose Garden.

“Now, if China would simply let the market work on its own, we’d have no objections. But their policies currently are preventing that from happening. And they go against the very rules that China agreed to follow,” he said.

Wow, where did that come from? And once the election is over and Mitt Romney goes back home to Detroit…to read the rest of this article, please subscribe to REE World