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China threatens US, boasting of control on ’rare earth minerals’

China threatens US, boasting of control on ’rare earth minerals’

China has made its most explicit threat to date that it is willing to use the near-monopoly on ’rare earth’ minerals to force the US to back off on the trade war. China dominates global supply lines for the rare earth minerals. An official warned that Chinese people would not be happy, ’if any country wants to use products made of China’s rare earth exports to contain China’s development’.

Unbiased Intent
Unbiased Intent 1 year

Australia will be more than happy to help supply the United States. Hopefully it'll help us get off the Chinese leash.

Havoc44 1 year

They tried this before against Obama and it backfired. No one has a monopoly on Rare Earth minerals in fact Rare Earth is actually a misnomer. Nearly every single country has rare Earth minerals but only China has taken the time to develop facilities to harvest\process them in bulk. in 2010 they tried throttling supply of Earth minerals but all that did was make it profitable for mines in Australia to US to reopen while permanently damaging their Market position(I.e. there market share began dropping from 90% to 80% and never recovered after they removed the export restrictions) In other words this will only cause a short-term disruption and they won't be able to recover.

GG WP 1 year

I am very surprised this didn't occur sooner since the very concept of rare earth mining and processing monopoly is a mayor part of Chinese economic politics on an international level. They have thus far done everything possible to impede this industry from developing elsewhere through both natural economic processes and targeted takeovers or stalling of potential competitors. If they do in fact opt to use it as a tool against USA it would be extremely short sighted. It might be a bargaining chip with maximum 3 years on the timer and the clocks might start ticking much faster depending on the innitiative of some state actors, particularly in africa.

Hannibal 1 year

I think what people are missing is the fact that China has a monopoly on the mining of rare earth, not a monopoly on Rare Earth deposits. Mining is extremely destructive to the environment and even relatively reasonable regulations make it prohibitively expensive. But you can bet if China cut off our supply the doors will be open in the United States and elsewhere.

The Real AY-MO
The Real AY-MO 1 year

I'm interested in hearing how President Trump will deal with this situation. China may well have just played it's "TRUMP" card!

Plumer 1 year

The only thing Xi has control of is his bladder, why does that Whinnie the poo like thing always look like it needs to pee really really bad.

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