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Daily Archives: August 26, 2010

CRS Report: Rare Earth Elements: The Global Supply Chain

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Rare Earth Elements: The Global Supply Chain, Marc Humphries, Analyst in Energy Policy, July 28, 2010

  • “The concentration of production of rare earth elements (REEs) outside the United States raises the important issue of supply vulnerability. REEs are used for new energy technologies and national
    security applications. Is the United States vulnerable to supply disruptions of REEs? Are these elements essential to U.S. national security and economic well-being? There are 17 rare earth elements (REEs), 15 within the chemical group called lanthanides, plus
    yttrium and scandium. The lanthanides consist of the following: lanthanum, cerium, praseodymium, neodymium, promethium, samarium, europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, and lutetium. Rare earths are moderately abundant in the earth’s crust, some even more abundant than copper, lead, gold, and platinum. While more abundant than many other minerals, REE are not concentrated enough to make them easily exploitable economically. The United States was once self-reliant in domestically produced REEs, but over the past 15 years has become 100% reliant on imports, primarily from China, because of lower-cost operations.”

    • International Comparisons of Hourly Compensation Costs in Manufacturing, 2008

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    International Comparisons of Hourly Compensation Costs in Manufacturing, 2008 – “The trade-weighted average of hourly compensation costs in U.S. dollars for all employees in manufacturing among 32 foreign economies was 85 percent of the U.S. level in 2008, increasing from 82 percent in 2007, according to data issued by the U.S. Bureau of Labor Statistics.… Continue Reading

    Commentary: Billions still illegally flowing through US banks

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    Interbank transaction data stripped from entities blacklisted by DOJ for money laundering: “Last week Britain’s Barclays Bank became the latest foreign bank to be penalized hundreds of millions of dollars for allegedly helping US-sanctioned parties clandestinely move large sums of money through the American financial system. Barclays agreed to pay $298 million for allegedly helping… Continue Reading