China’s commerce ministry announced on Tuesday that export quotas for all rare earth metals will be 35 percent lower in the early months of next year than in the first half of this year. China mines 99 percent of the global supply of heavy rare earths: dysprosium, terbium and europium. According to a new United States Energy Department report, the most important of these for clean energy is dysprosium. Its price is now $132 a pound, compared with $6.50 a pound in 2003.
Proverbs 25:2 (Amplified Bible)
It is the glory of God to conceal a thing, but the glory of kings is to search out a thing.
Our Father in heaven,
You are the Creator of heaven and earth, of matter and motion, of light and sound. We cry out for the prospering of those technologies used to bring Your kingdom on earth. If those technologies are adversely affected by the reduced supply of rare metals, open the eyes of the miners to uncover other sources of these metals–new mines or new technologies to bring more productivity to old mines. Open the eyes of the scientists to uncover alternative sources. Open the eyes of the intercessors to pray. Amen.
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