China Sole Manufacturer of Material for U.S. Missiles

It was in 2003, the State of the Nation Union that President George W. Bush expressed his government's objective to "strengthen global treaties banning the production and shipment of missile technologies." It was then, between 2003 and 2004, when the Committee on Foreign Investment in the United States (CFIUS) allowed the last manufacturer in the United States has provided a key instrument Cruise Missile Guidance, which is transferred to the Commonwealth of the China.During villages visit this week in the United States by Chinese President Hu Jintao, and meet with President Bush and his advisers, would be about reviewing a strategic business agreement that has occurred over a period several years. With its end in 2004, the United States today remain totally dependent on China for key rare earth metals and their production for the manufacture of the most crucial decision of the U.S. military warfare.The CFIUS in January 2006 as the approval of the company Dubai Ports World to take over port operations of six major ports on the East Coast of the United States has not only raised many eyebrows in the United States Congress, but caused a bit of new legislative proposals, transparency between CFIUS and Congress. CFIUS, but has always had a precedent of approving business transactions, and that the agreement was only the latest of them. The adoption agreement is made known to the public via AP reporter, Ted Bridis, in February 2006, apparently, was even more in the circuit that lawmakers on Capitol Hill. However, there were about 2,000 offers from other institutions approved by CFIUS since its inception in 1988, many of which were due sooner.It stakeholders and the Congress of the United States is the same lack of accountability of the secret CFIUS committee, chaired by the Secretary of the Treasury, which has only recently hit the United States Congress, and their machinations recently communicated to the public. And Dubai Ports was fixing the seemingly arbitrary manner, and unanswerability to any other branch of government that is worrying. For decisions CFIUS makes ultimately becomes the responsibility of the federal government of the United States, although it may affect their interests, including national security.As U.S. Defense Department is having trouble getting the necessary equipment and manufacturing Parts of foreign entities, where national security must be weighed on the acquisition of the shares of the coast. But at the same time, the U.S. government has promoted the concept of world trade, often in direct conflict with environmental protection and national security USProducing Powered neodymium-iron-boron permanent magnets is critical to allow control of aircraft Specifically missiles and guidance systems of cruise as all direct attack munitions, or JDAM bomb, used prominently in the 2003 bombing of Baghdad that preceded the arrival of U.S. ground troops. Magnequench UG, although still based in Indianapolis, IN, is the sole supplier of magnets for special systems of military aircraft. However, it has closed its manufacturing arm permanently in 2004 and finished relocating operations to China at that time, its operations now solely controlled by Chinese companies with direct ties to the Chinese government.Magnequench magnets are produced from a unique patented process of sintering specialty metals. They are used by the electronics and several airlines, but the client is paramount Magnequench the Pentagon, leaving the U.S. in a precarious position with China. Enjoy the ownership of 85% of world rare earth metals, required for its magnet production, Magnequench factories is now at Batou, China. It is there that the world's only operating mine of rare earth exists. Thus, China now has a monopoly on the manufacture of magnets of missiles the U.S. military depends for its most sophisticated technology and weaponry.Magnequench 's move culminated after several years of what began as a subsidiary of General Motors in 1986. General Motors was responsible for developing the production of a permanent magnet material in the 1980s and began production in 1987. In 1995, the interest most Magnequench was purchased by General Motors by the Sextant Group, consisting of two Chinese companies, San Huan New Materials and the China National Nonferrous Metals Import and Export. It was reported that few in the industry or the federal government knew