Remember the Oil Crisis? Get Ready for the Chinese Dysprosium Crisis
Now we know why China is at the forefront of alternative energy propulsion:
For oil, China is at the mercy of unstable places and easily disruptable shipping routes. The Middle Kingdom is the second-largest oil consumer in the world (behind the United States). China imports about half of its oil, making it the third-largest net oil importer in the world behind the United States and Japan.
When it comes to dysprosium and terbium, China is in a much better position, called a quasi-monopoly.
China is getting quite possessive with the stuff. “China said supplies of dysprosium and terbium, minerals needed to make hybrid cars,” writes Bloomberg, “may be inadequate for its own needs, adding to concerns that the largest producer of rare earths may further cut exports.”
Dysprosium and terbium are rare earths. Rare earths are called rare earths because they are, well, rare on the earth. “The rest of the world has become a little concerned” about possible export bans from China, said Judith Chegwidden, managing director at London-based Roskill Information Services Ltd, an industry research group. “Dysprosium is increasingly used in hybrid cars like Prius or wind turbines. Demand is growing fast.”
China’s government started to curb output and exports in 2006. China may stockpile the rare dirt in a strategic reserve. Chinese exports of rare earths fell 35 percent in 2008 from 53,300 tons in 2006, all the while demand grows in areas of military defense, missiles, electronic information and green energy. China needs 70,000 tons of rare earths a year. They already cut 2009 output quotas of rare earths by 8.1 percent. They also encourage their industrialists to export processed products rather than just shipping the rare dirt abroad. Liang Shuhe, deputy head of foreign trade at the Ministry of Commerce said his government would “encourage exports of high value-adding, high-end products instead of the raw materials.”
Bertel Schmitt comes back to journalism after taking a 35 year break in advertising and marketing. He ran and owned advertising agencies in Duesseldorf, Germany, and New York City. Volkswagen A.G. was Bertel's most important corporate account. Schmitt's advertising and marketing career touched many corners of the industry with a special focus on automotive products and services. Since 2004, he lives in Japan and China with his wife <a href="http://www.tomokoandbertel.com"> Tomoko </a>. Bertel Schmitt is a founding board member of the <a href="http://www.offshoresuperseries.com"> Offshore Super Series </a>, an American offshore powerboat racing organization. He is co-owner of the racing team Typhoon.
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Well, to know whether (population) growth can last forever, we must first know if the total mass of the accessible universe is growing or not. This, so far, has been in the realm of theories only. But I am willing to bet the growth cannot last forever. If the universe is not growing, of course the population cannot grow forever. If the universe is indeed growing, then we may have a theoretical chance, but still may not have the time to migrate to other planets or galaxies before ours is doomed.
Humans (not to trivialize, really), are an equivalent to a 'cancer' on the earth - once the cancer gets too big, the host dies. Sorry for the downer.