China's Plan to Dominate Rare Earth Metals

You know all those electric cars and "clean energy" sources we'll be riding in and using to wean ourselves off fossil fuels? They won't be worth bupkis without rare earth metals — neodymium, dysprosium, terbium and other elements essential to green energy technologies like wind turbines and the power system of the Toyota Prius.

Now for the bad news: Worldwide demand for rare earths — 15 different elements — is expected to exceed supply by some 40,000 metric tonnes per year in about three to five years. (more)