China's not the only source of rare earth metals...just the only location currently willing to accept the environmental costs of refining the ore to extract the valuable stuff. Within the past week, 3 mining companies have already announced plans for non-Chinese rare earth metal refineries, to be sourced from the Mountain Pass mine in CA that provided nearly all of the world's rare earth materials until the 1990s.
The mine is still very viable and was re-started several months ago. It was originally shut down because it wasn't feasible to run with environmental mitigation costs factored in...but now it's considered a strategic facility and so it can count on the federal government to provide any financial support needed on that front.
Do you have any reference for how much exactly it would cost in less environmentally harmful way?
Start with a million tons of rock. Process it. Now you have 999998 tons of very finely powdered rock, 1 ton of valuable product, and 1 ton of naturally occurring radioactive waste. You aren't permitted to mix the radioactive waste back into the rock, even though that is where it came from in the first place.
Among other things, you get thorium.
They're not as common as iron, but more abundant than silver.
Due to the way rare earths are refined, the facilities are relatively cheap and fast to build. .. but they're expensive to operate in the West.
How real of a threat is the trade war to China? Could it cause a recession? Worse? Will it have long-term effects for them?
Which party is likely to suffer the least, or gain the most?
Is the US planning on strong arming China long enough for other countries to step in, eg. India, Vietnam, etc.?
What's the objective here? Is it to rebalance power, maintain the lead a little longer, permanently knee-cap them, ...?
Quote from the report
> 'The global semiconductor market has never been a completely free market: it is founded on science that
historically has been driven, in substantial part, by government and academia; segments of it are
restricted in various ways as a result of national-security and defense imperatives; and it is frequently
the focus of national industrial policies. Market forces play a central and critical role. But any
presumption by U.S. policymakers that existing market forces alone will yield optimal outcomes –
particularly when faced with substantial industrial policies from other countries – is unwarranted. In
order to realize the opportunities that semiconductors present and to effectively mitigate major risks,
U.S. policy must respond to the challenges now at hand'
A 4th war with the economic superpowers - US, EU, Japan would end with so quickly with simply an economic sanction.
Trump has been battling investigations and possible impeachment hearings since day one. Partisanship amongst voters is at a 40 year high. And the US is waging the longest war in its entire history, with no proper resolution in sight. Plus -- who knows? -- it might just start a brand new war against Iran.
The last thing the US needs is a military war with China.
How can we be so sure?
They might do something to limit proxy wars, but if we're already cutting some ties over some bullet points on a trade deal, I can't imagine they would have deterred any type of at all war anyways.
I don't fully blame the populist either for their recent craziness, not enough was done to keep society "fair" and to provide a strong social safety net during the wild ride of globalization. The EU did a better job but is now under migrant pressure and fear-mongering, and the USA is imploding under health care, the cost of having/raising kids, and the middle and lower income brackets having 40 years of degraded earnings power.
Hopefully, we can sort it out with some good voting and a political realignment in the USA.
Since China has had US military bases in its backyard for the past 70 years it finally feels that it’s big enough to flax some muscle in Pacific. Hence they’re doing that shit in South China Sea. US empire naturally sees this as a threat to its colonies and interests in Pacific. In order to seam like it’s doing something about it is pushing the anti China propaganda to its population by imposing the tariffs and in turn it is filling its coffers which are somewhat lighter since it gave the tax cuts to big business. Of course it has positioned the tariffs as if China is giving them that extra 25% instead of letting the American consumer realise that they’re the ones who will eventually foot that bill through higher prices. There won’t be any war. Neither country can afford it. And China won’t do much about it. They just want to seam like they’re retaliating in front of their population.
This is only a few miles away:
Feel like MadMax!
/me wonders if they wash off the dust with spraying water, or something like that afterwards for decontamination?
Is buried at the end of the article as it undermines the whole clickbait premise.
The impact would cripple Chinese exports to the US, which could put their economy into recession - and a recession is the last thing that Xi wants to deal with.
My gut tells me that the rare earths will be more subtle - such as export slowdowns due to new paperwork requirements that magically appear. Much more effective, and China doesn't have to look like the bad guy.
I’m saying that if China bans the US for importing it that a trade war of unimaginable consequences will be started.
Right now it’s just a scuffle.