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9. The People's Republic of China designed a plan to acquire most of rare earth materials in the world
Thu Oct 14, 2021, 12:18 AM
Oct 2021

since 25 years. We had no plan other than waiting for them to build consumer products and just buy them cheaper for the Multibillionaire class to cash in more profits (and pay little or no taxes, sending the rest to fiscal paradises).

China’s dominance of rare earths supply is a growing concern in the West

China provides more than 85 per cent of the world’s rare earths and it is home to about two-thirds of the global supply of rare metals and minerals like antimony and baryte, report says

US and Europe are worried that any disruption to their supply chains for such products would hurt key industries.

China dominates the supply of rare earths, which are used in products like solar panels.

Western countries are becoming concerned about their reliance on China for supplies of rare earth elements and other scarce metals and minerals that are essential for the manufacture of electric car batteries, satellites, weapons, wind turbines and solar panels.

China provides more than 85 per cent of the world’s rare earths and is home to about two-thirds of the global supply of scarce metals and minerals like antimony and baryte, according to the Centre for Strategic and International Studies (CSIS).

China dominates solar PV manufacturing and is home to more than 90 per cent of the world’s wafer manufacturing capacity. The CSIS said China had most of the world’s capacity for key components used in lithium-ion battery manufacturing and 80 per cent of global battery cell manufacturing capacity.

The United States and European countries fear that any disruption to their supply chains for such products will hurt key industries.

https://www.scmp.com/news/china/diplomacy/article/3130990/chinas-dominance-rare-earths-supply-growing-concern-west



It was only a matter of time they would begin to 'close the spigots' (so to speak) and we see that starting to affect Apple and other phone makers, PC makers, and automotive makers...

It's more like China who wages war against the 'west' now - we have to stay alert...

They want Taiwan, and then what else?

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