Tags: opec | blackmail | high-tech | elements

US Faces OPEC-Style Blackmail Over Rare High-Tech Elements, Experts Warn

(AP)

By    |   Friday, 02 March 2018 02:28 PM

The United States is so dangerously dependent on rare-earth elements — substances vital to smart phones, fighter jets, laptops, and rocket engines, to name only a few high-tech applications — that it may be setting itself up for another bout of painful extortion similar to the OPEC oil embargo in the 70s, industry experts warn.

This year, global consumption of rare-earth materials is expected to be about 155,000 tons. That's more than triple what it was just 25 years ago.

© 2018 Newsmax. All rights reserved.

   
1Like our page
2Share
platinum
The United States is so dangerously dependent on rare-earth elements - substances vital to smart phones, fighter jets, laptops, and rocket engines, to name only a few high-tech applications - that it may be setting itself up for another bout of painful extortion...
opec, blackmail, high-tech, elements
872
2018-28-02
Friday, 02 March 2018 02:28 PM
Newsmax Media, Inc.
More Platinum Articles
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved