Chinese own 95% of the Rare Earth elements

Now most people wouldn't have heard if this. But there are Earth elements we use for all kinds of items:
Welding Masks
Camera lenses
Colourant for glasses and enamel
Lasers
Xray tubes
etc

See the link.http://en.wikipedia.org/wiki/Rare_earth_element

Now the Chinese now own 95% of this, plus a huge chunk of raw materials.
Our politicians are oblivious to this, but even a numbskull can see what is happening here.
The U.S. has given up as this is expensive and it involves open mines.

eventually the Chinese will hold us ALL to ransom!!