America's new energy dependency: China's metals
U.S. News and World Report
In 2007, a standoff unfolded between China and several American companies, including W.R. Grace, a major supplier of oil refining products. China was threatening to withhold supplies that keep refiners in business.
A worried State Department intervened. By then, W.R. Grace had only a three-month supply of the special metals it needs for its refining products. Because the metals come almost exclusively from China, if the government had not acted, sources say, oil refineries could have been forced to shut down, possibly triggering shortages across the country.
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