I am sure you have been made aware of china possibly stopping shipments of rare earth metals to the USA, as a result of the trade war
Well Golly Gee whiz
china doesn't have a lock on available rare earth metals
What they do have is a lock on cheap price, and lack of environmental regulations
Last yr china produced 80& of all rare earth metals used
The media of course sounded the alarm of the sky is falling, with out doing the research
The USA, Aus. and other places have deposits
In fact the USA imported only 160 million of rare earth metals from china in 2019, which is only 4% of chinese production
What USA did import was finished products with the metals already in the finished product
So" Will china effectively take them selves out of the market, for finished products, made in china
China might stop exporting rare earth metals but if it did, it would not be disaster, for the USA or the world
Other sources would quickly step in and fill the void albeit at higher prices
Mean while, if sales of finished products from their own country were to stop, this would result in massive lost jobs
The USA can simply re-open closed mines and/or simply buy from a different source, and tell china to go pound salt
The world does not have a scarcity of rare earth metals
The world might have a scarce supply of cheap metals as the current mines can not compete with china"s low price
But, china does not have a lock on production or source of rare earth metals
I wish the media would stop trying to grab head lines with this kind of reporting
How many people do you think believe the media story about the scarce supply of these metals
Wayne,
Thanks for bringing this to our attention. This could be HUGE!
https://www.cbsnews.com/news/rare-earths-china-us-trade-war-threatens-clampdown/