As well as the race to get our grubby hands on the last of the planet's easily available oil and gas reserves, a little talked about subject is REEs. As you will see from this document, they are vital to the new high-tech industries, but the USA has none of them. China and India hold the vast majority of the world's reserves, and so are both in very strong positions for the future. (page 9).
To be borne in mind next time we hear anti-Chinese rhetoric being ramped up. From page 7:
'Many scientific organizations have concluded that certain rare earth metals are critical to U.S.
national security and becoming increasingly more important in defense applications.' (11)
http://www.fas.org/sgp/crs/natsec/R41347.pdf
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