GLG News by Scrap Metal Experts

Brian ShellOwnerGO Auto Recycling

'Cash for Clunkers' Program Offers Few Real Benefits

May 26, 2009

Analysis of:Senate offers up alternative 'Cash for Clunkers' proposal | amm.com

As the US government seeks creative ways to spur new car buying, the side effects to those that will ultimately administer the program are an after thought.  Ultimately the consumer will pay for this program through taxes or by limiting repair options and forcing them into newer vehicles. 

Jack LiftonCo-founder and DirectorTechnology Metals Research, LLC

Only New North American Rare Earth Production Could Make It Possible For Toyota To Save General Motors. Will The Anti-Mining Lobby Allow The Curse Of Lithium To be Lifted By The Wizards Of Lanthanum?

May 25, 2009

Analysis of:Toyota denies report on possible GM hybrid deal | www.forbes.com

The Japanese press is reporting that Toyota is studying the idea of licensing its current (full) hybrid power train to collapsing General Motors. I'm sure that this supposition is true, but would such a move be possible? As the supply situation for the critical rare earth metals, lanthanum, neodymium, praseodymium, dysprosium, and terbium stands today, with all of them coming only from China,  the answer is an emphatic "No!" The proven, durable, reliable, long lived nickel metal hydride (NiMH) batteries used by Toyota and manufactured in-house by Toyota depend critically for their operation on the above named metals  as do the brushless DC electric drive motors also used by Toyota to construct the Prius hybrid and the Toyota and Lexus hybrids it makes today. There would be only one way for new supplies of the critical rare earth metals to be generated, but it would take a political act of courage by the Obama administration.

Jack LiftonCo-founder and DirectorTechnology Metals Research, LLC

Let's All Stop Pretending That The Moribund General Motors Knows More About The Passenger Car Market and About Automotive Engineering Than Toyota.

May 20, 2009

Analysis of:Volt Birth Watch 141: Toyota Laughs at the Volt, Indirectly | www.thetruthaboutcars.com

Toyota has been working on the electrification of mass produced cars through the use of hybrid power trains and the in-house development and manufacturing of batteries for at least fifteen years. Toyota adopted the nickel-metal hydride (NiMH) battery and the hybrid power train using it in the late 1990s after the NiMH battery had been in development for a decade by its original inventor, Energy Conversion Devices, Inc., and by nearly all of the Japanese battery makers, such as Panasonic and Sanyo. Toyota entered into a j/v with Panasonic to manufacture and continue the development of the NiMH battery as it, Toyota, began to manufacture the Prius NiMH using hybrid and let the market beta test the power train. The Prius was so successful that Toyota bought out Panasonic's interest in the j/v and took it in-house to preserve competitive advantage. GM rejected the hybrid concept and watched as Toyota swept the field to become the "green' car maker.

Jack LiftonCo-founder and DirectorTechnology Metals Research, LLC

Rare Metals Investment News Updates, Today's Edition (RareMINUTES) 050709 NEODYMIUM

May 7, 2009

Analysis of:Windpower to overtake nuclear in China by 2020 | www.proactiveinvestors.com.hk

If China commits to producing 100 gigawatts of wind generated electricity by 2020 it will place this goal in its next two five-year plans as part of the official statement of the goals for the Chinese utility industry. If this happens then China's recent takeover of the Australian rare earth mining industry makes perfect sense. \ The Chinese, you see, like to make long term plans not only for economic goals but also for implementing the necessary steps in the value chain to achieve them.

Jack LiftonCo-founder and DirectorTechnology Metals Research, LLC

China Is Using Its Horde Of Dollars To Buy Natural Resources. Is This Because The Chinese Believe That The US Dollar's value Will Soon Be Destroyed By Inflation?

May 5, 2009

Analysis of:Buffett Sees Massive Inflation to Handle Staggering Debt | moneynews.newsmax.com

China is buying natural resources at bargain prices. There are two reasons for this: 1. China needs to have  access to as great a volume of energy and the less common metals used in high technologies possible, and 2. China's horde of dollar denominated paper will never again have as much value as it does today nor is much more of it it likely to long remain available to China at anywhere near the value it has today.

Jack LiftonCo-founder and DirectorTechnology Metals Research, LLC

The Environmental And Economic Value To Be Gained From Lithium-ion Battery Powered Electric Cars Is Marginal. It Is Not Worth It, German Environmentalists Conclude.

May 4, 2009

Analysis of:Study: Electric cars not as green as you think | news.cnet.com

Working with their blinders on, the activist environmentalist movement has managed to get politicians to waste vast amounts of capital, and even vaster resources of time and human endeavor, on the development of electrified cars using untested battery systems.  Using current and reasonably predictable technology electric cars add almost nothing, nothing, to the reduction of carbon dioxide emissions, and cost much more to produce than equivalent internal combustion engine powered vehicles intended for the same use! In a debt burdened world it is a tragic misapplication of brainpower and labor to continue to invest billions of dollars for marginal increases, if any, in movement towards the goal of an electrified global fleet.

Jack LiftonCo-founder and DirectorTechnology Metals Research, LLC

The New "Great Game" : China And India Vie For The World's Natural Resources From Developed Nations While America Sleeps: Part 1: China In Australia

May 4, 2009

Analysis of:Mining: Lynas, Wpl, OZL, ILU | ibtimes.com.au

China's hunt for natural resources to feed its already substantial  heavy industrial base and its growing consumer products industry is fueled by the size of the reserves of capital accumulated by the Chinese state and driven by the single-minded goal of China's government of full employment for China. America's more and more isolated response to this drive by China for natural resources is to ignore it and assume that America and the Western world will continue to follow the American model of myopic free market capitalism in which natural resources will always be miraculously made available to the highest bidder. American bankers like to say that the golden rule is that "Them thats got the gold makes the rules." They're wrong. The rule is "Them thats got the rare resources makes the rules." Its the last few minutes of the new "Great Game," and it's not looking good for the home team.  

Jack LiftonCo-founder and DirectorTechnology Metals Research, LLC

China Has Made An Inroad Into Australia That, If Successful, Will Give It Overwhelming Control of The World's Supply Of Rare Earth Elements For A Long Time To Come. Did The Actions Of Goldman-Sachs Facilitate This Move Or Fail To Prevent It?

May 1, 2009

Analysis of:Lynas Corp strikes $505m China deal | www.wabusinessnews.com.au

China today produces at least 95% of the world's supply of rare earth elements from its domestic mines primarily in Inner Mongolia.   At the beginning of 2008 two very large Australian REE mines were well on the way to coming into production. Either one of them would eventually have been the largest single-point mine for REEs in the world. One of the Australian companies was also beginning construction of a REE refinery in Malaysia, which would have been the largest in the world outside of China. Control of the shares of both of the Australian companies is now coming into hands of state owned aggressive Chinese mining and trading entities. It has been predicted that Chinese domestic demand for REEs will exceed its domestic production in the next 2-4 years. That is precisely how long it will take for the two Australian mines and the Malaysian refinery to be brought into production.   Three significant REE mining possibilities, only, now remain out of Chinese control.

Jack LiftonCo-founder and DirectorTechnology Metals Research, LLC

Scientists And Engineers Are Born, Encouraged, Selected, And Educated. Money Thrown At Existing Ones Does Not Create New Ones.

April 27, 2009

Analysis of:Obama promises major investment in R&D | finance.yahoo.com

It takes twelve to twenty years to find, select, encourage, test, and educate scientists, engineers, and medical professionals. By contrast it takes just a few minutes to select from a crowd those who will run for public office. Yet the future of innovation in America depends on this second class of selected individuals. It is always just luck that gets us progress with this polticized selection system for education.   America can not depend on luck.

Jack LiftonCo-founder and DirectorTechnology Metals Research, LLC

Don't Drink Any Arctic Meltwater Unless You Want To Ingest Up to 0.000000000000023 Grams Of (Gasp) Osmium With Each Gram!

April 22, 2009

Analysis of:Platinum Pollution Issue Gets Measured | www.nature.com

The ability of analytical chemists to detect low levels of metals in water has gone far beyond the ability of environmentalists to exercise common sense and good judgement.

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