China recently restricted the export of rare metals such as Tungsten and Molybdenum, while controlling 85% and 43% respectively of the world reserves. Tungsten in example is necessary for light bulbs, while Molybdenum is required to harden steel, thus plays as well a vital role in the construction of nuclear reactors. Many rare metals prices sky rocketed which may help understanding how critical it is to stop the USD depreciation while China not only buys the relevant metals but also acquires producing mining companies and future world class deposits from junior exploration companies in Peru, China, Australia, Chile, Canada and Mongolia
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