China Syndrome

MikesZ · 08-26-2009, 06:56 PM

...of a different kind. As reported on autoblog today, China is reportedly considering banning the export of "rare earth minerals", some of which are critical to the battery production for electric cars and hybrid vehicles. Since China produces 95% of these critical minerals...ummm, this could be a problem. Hopefully the state department is on this?

lil_chef · 08-26-2009, 09:22 PM

wont happen, The rest of the world could easily stop buying their other products causing china's economic melt down......

im not an economist or business man so dont judge me to hard on my comment

crazz28 · 08-26-2009, 09:49 PM

The only good thing about this "consideration", Saskatchewan seems to be semi-rich in these minerals as well(maybe not to the extent of China), and as a result the stock price of the company I was holding doubled last month

But I agree with the chef, bombs would be dropped if they decided to do that.

MikesZ · 08-26-2009, 09:51 PM

Quote:

Originally Posted by lil_chef

wont happen, The rest of the world could easily stop buying their other products causing china's economic melt down......

im not an economist or business man so dont judge me to hard on my comment

That could backfire. For example, GM's largest growing market is Asia!

*The_Blur* · 08-26-2009, 10:09 PM

It won't happen.

lil_chef · 08-26-2009, 10:16 PM

Quote:

Originally Posted by MikesZ

That could backfire. For example, GM's largest growing market is Asia!

im sure china would take a larger hit, the US is their largest market!

Zabo · 08-26-2009, 11:31 PM

Quote:

Originally Posted by MikesZ

...of a different kind. As reported on autoblog today, China is reportedly considering banning the export of "rare earth minerals", some of which are critical to the battery production for electric cars and hybrid vehicles. Since China produces 95% of these critical minerals...ummm, this could be a problem. Hopefully the state department is on this?

For what reason? Aside from the idea that they could assemble the batteries 'better' than those in other areas of the world..

Or that it would force them to commit economic suicide..?

manimsoblack · 08-27-2009, 12:42 AM

Quote:

Originally Posted by lil_chef

wont happen, The rest of the world could easily stop buying their other products causing china's economic melt down......

im not an economist or business man so dont judge me to hard on my comment

And they could also call in the enormous debt that countries such as ours owe them.

lil_chef · 08-27-2009, 01:03 AM

Quote:

Originally Posted by manimsoblack

And they could also call in the enormous debt that countries such as ours owe them.

i knew that response was coming as soon as i hit submit.

Croatcamaro2010 · 08-27-2009, 01:27 AM

if they chinamen wont sell it to us we will mine it here or somewhere else, exhaust what resource they have there and the US will have the most resources on earth, thats what we are doing with oil. we suck it out of the middle east, then south america, then we will sell it to everyone else at high prices

comiskeybum · 08-27-2009, 08:16 AM

this is why we should nuke Beijing and take out those commi bastards

Zabo · 08-27-2009, 09:13 AM

Quote:

Originally Posted by comiskeybum

this is why we should nuke Beijing and take out those commi bastards

At what cost: Nuclear option = int'l shitstorm and pariah state for US.

This is a touchy subject because of political talk.. so keep that in mind, kids.

MikesZ · 08-27-2009, 09:54 AM

Quote:

Originally Posted by comiskeybum

this is why we should nuke Beijing and take out those commi bastards

This is both an absurd and ignorant statement. My intention in starting this thread was not political, but rather to address what would happen to hybrid and electric car development if the essential elements (95% of which are mined in China) would not be available. That is all.

Xanthos · 08-27-2009, 10:05 AM

Quote:

Originally Posted by MikesZ

This is both an absurd and ignorant statement. My intention in starting this thread was not political, but rather to address what would happen to hybrid and electric car development if the essential elements (95% of which are mined in China) would not be available. That is all.

Production would probably halt temporarily, the cost of replacement batteries would skyrocket, there would be tons of UN sanctions and other political actions, possibly war, the situation would either go down hill or resolve itself.

Thats the way I see it, at least. China wouldn't be that stupid. It would get them nowhere.
- X

08-26-2009, 06:56 PM	#1
MikesZ Group Provocateur Drives: Long Distances Join Date: Jun 2009 Location: Arizona Posts: 1,021	China Syndrome ...of a different kind. As reported on autoblog today, China is reportedly considering banning the export of "rare earth minerals", some of which are critical to the battery production for electric cars and hybrid vehicles. Since China produces 95% of these critical minerals...ummm, this could be a problem. Hopefully the state department is on this?

08-26-2009, 09:49 PM	#3
crazz28 Drives: '10 Camaro SS/RS, '10 GMC Sierra Join Date: Jan 2008 Location: Saskatchewan, Canada Posts: 213	The only good thing about this "consideration", Saskatchewan seems to be semi-rich in these minerals as well(maybe not to the extent of China), and as a result the stock price of the company I was holding doubled last month But I agree with the chef, bombs would be dropped if they decided to do that. __________________ CGM/BLACK INTERIOR 2SS/RS LS3 M6 TTi/GMS Twin Turbo, Borla S-Type mufflers, Hurst Shifter

08-26-2009, 10:09 PM	#5
The_Blur Moderator Drives: 2018 Harley-Davidson Street Bob Join Date: Nov 2007 Location: San Diego Posts: 14,768	It won't happen. __________________ RDP Motorsport//GEN5DIY//Cultrag Performance//JPSS//Rodgets Chevrolet// Operation Demon//Buy at Invoice//RACECARWEAR RESPECT ALL CARS. LOVE YOUR OWN. warn 145:159 ban

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08-26-2009, 09:22 PM	#2
lil_chef Banned Drives: 2010 Mustang GT Join Date: Aug 2008 Location: Jacksonville Posts: 1,823	wont happen, The rest of the world could easily stop buying their other products causing china's economic melt down...... im not an economist or business man so dont judge me to hard on my comment

08-27-2009, 01:27 AM	#10
Croatcamaro2010 Drives: '10 Camaro RS 1LT Join Date: Jul 2009 Location: Saint Louis Posts: 322 View My Garage	if they chinamen wont sell it to us we will mine it here or somewhere else, exhaust what resource they have there and the US will have the most resources on earth, thats what we are doing with oil. we suck it out of the middle east, then south america, then we will sell it to everyone else at high prices

08-27-2009, 08:16 AM	#11
comiskeybum Banned Drives: 2010 Chevy Equinox LS Join Date: Aug 2007 Location: South Bend, Indiana Posts: 799	this is why we should nuke Beijing and take out those commi bastards