Essay on The Negative Side of Rare Earth Metals

1194 Words 5 Pages
The United States has depended on third world countries for many years to supply them with many of the everyday items they use, but it is seldom thought of all the health conditions people who work in this environment endure, what would happen if these third world countries stopped supplying them, or what would happen if they took advantage of all the power they have given them. In the article “Rare Earth Plant Ready, But in a Glut,” by Keith Bradsher it is mentioned the rare earth metals this company will be producing can be found in many cell phones, flat screen televisions, computer hard drives, and wind turbines that are used in the United States today. If this company is not opened it will cut down a fifth of the rare earth metal …show more content…
With the conflict of the cost of rare earth metals increasing and the shortage of these rare earth metals, this topic has raised many arguments on how the situation should be handled. The scarcity of rare earth could lead to major problems for companies around the world, and possibly lead to higher prices for consumers. Even though China is currently controlling over 90 percent of this market, many of the rare earth metals can be mined in the United States. According to James Areddy, writer for The Wall Street Journal “China is building strategic reserves in rare-earth metals, an effort that could give Beijing increased power to influence global prices and supplies in a sector it already dominates.” Because China has recently tightened its exports with a new quota policy mining companies around the world are responding by coming up with plans to increase production of rare earth metals. United States Representative Mike Coffman called China "an unreliable trade partner" in rare-earth minerals and said he plans to introduce a bill in coming weeks that may require the U.S. military to hold an unspecified amount of such elements (Areddy). China’s dominance in this market has risen political concerned because of the possible formation of a monopoly. China shouldn’t be producing over 90 percent of rare earth metals used around the world, and

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