Sunday, March 22, 2015

"60 Minutes" on March 22, 2015

Lara Logan on the Ministry of St. Matthew in the Ninevah Plains of Iraq.  The services are in Aramaic.  The Monastery was founded in 363 AD.  There are no Christians left in Mosul. 

MolyCorp does rare eatth element.  Neodymium magnets.  A Prius has 25 pounds of rare earth elements.  China decided to become the "king" of rare earths.  Lower labor costs and no environmental constraints, yield lower pricing in China.  The Middle East has oil; China has rare earths.  Ed Richardson of US Magnetic Materials Association.  Magnequench of Indiana was bought by Chinese.  The new F-35 fighter jet; each one has about 0.5 ton of rare earths.  


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