20 June 2012, China claims to provide 90% of rare earth minerals to the global high tech industries.  Now they’re holding back.

Rare earths are necessary for the high tech gadgets we have.  U.S. and European officials criticized China saying their mining cut backs will cause prices to skyrocket.

China claims they’re cutting back because the mining operations are causing environmental damage.  But could it be retaliation for the Obama administration recently imposing ridiculously high tariffs on Chinese solar power products?

By the way, the tariffs quite possibly were the final nails in the coffin for Hoku Materials in Pocatello, Idaho, which could have provided hundreds of good paying jobs! Thank you Mr. President!