Rare-earth resources: The race is on

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The financial crisis has shown that speculation, funds, and credit default swaps create a huge amount of virtual wealth, but the real economic motor is driven by the manufacture of products using the earth’s natural resources. The race is already on to control rare resources like lanthanum, scandium and thulium; essential for hi-tec but everyday products such as computers and mobile phones.

Source: YouTube, December 11, 2010 (hat tip: Financial Doom Blog).

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