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Showing results for '"rare earth"'.
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Lei discusses China's playing of the "rare earth" card How dependent is the United States on China for rare earth products? China has the most of the world’s rare earth reserves and the largest rare earth production. As U.S. cuts off Beijing’s access to advanced semiconductor chips, China fights back by restricting exports of rare earth technologies and products. This is not the first time China plays the rare earth card. How dependent is the United States on China’s rare earth production? Will China’s countermeasure succeed? Other articles on the rare earth "weapon" - http://candleforlove.com/forums/search/?q="rare earth"&quick=1
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More detail about the Rare Earth situation - in an article from 2010 China’s Rare Earths: Weakness Not Strength Rare Earth elements are the Lanthanides (Atomic no. 57 through 71), as well as scandium (21) and yttrium (39). Elements with atomic numbers above 103 did not exist in the periodic table when I was in school, and don't occur naturally.
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I am a geologist, by training, in a past life. I worked for the government and oversaw permitting and inspections of exploration and mining on federal lands. The U.S. has deposits of rare earth minerals in a number of western states. How big they are, I don't know. Exploration in New Mexico and Texas was taking place back in 2013 while I was working in Las Cruces, NM. None of those sights has been developed, or are in the process of being developed. The Mountain Pass mine in CA has produced a lot of the minerals in the past. It has closed at various times due to prices. It has also had a number of issues with pollution. I believe that the only way for the U.S. to secure these metals at a price that won't harm the economy, is for the government to subsidize mining them. During WWII the government subsidized mining operations for metals critical to the war effort. I really don't see this being any less important to national security. Here is an article I found that says the same thing: https://www.resilience.org/stories/2019-06-02/is-there-a-way-to-counter-the-chinese-stranglehold-on-rare-earth-metals/
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Yeah, I was surprised that it took China this long to say they might play the rare earth card. It's not that the United States doesn't have rare earth resources, we just aren't in a position to bring them online as a counter measure. The cost to develop them, plus the cost to the environment mining them has made it cheaper to import.
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These have yet to enter the picture - from the SCMP China will not rule out using rare earth exports as leverage in trade war with US A governmental spokesman says Beijing will give priority to domestic demand for the minerals, though China is the leading exporter to the USThe remarks come after Chinese President Xi Jinping visits a major rare earth mining and processing facility in Ganzhou
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I rarely care for the China Uncensored videos, but this one is good - about the rare earths China's Threat to Weaponize Rare Earth Metal Exports Backfires
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There was an article out the other day where the U.S. Military was soliciting proposals for rare earth production. Seems they are looking to partner with processing costs. Seems they finally got the message. Unfortunately DOD doesn't have that good of a track record when it comes to ennvironmental protection.
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Using the rare earth monopoly as a bargaining tool is like using a suicide bomb: you only get to use it once. Now that the P has brought the dependency to the attention of the U.S. and the world, one would expect world-minus-China to take measures that ultimately eliminate that monopoly. Well, one *would*. The array of claims in the trade war (about which I only agree with the middle bunch) are so diverse that the other side seems to only be allowed to agree to all (and seem to capitulate) or disagree (to all) and dig in their heels. I'll just leave it at that.
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Correction: there are certain industries, called restricted category industries, all listed in the foreign investment catalog, that have different requirements. Some of them have restrictions on percentage of foreign ownership, such as insurance company, rare earth, etc. School and hospitals may have special rules also. Check it out on the MOFCOM website
