> the problem is no other country even produces the machines to refine the rare earth and have no trained people for it either.
Ucore (Canadian company with operations in the US) has all non-China sourced equipment (including industrial computers) for their refining process.
> and have no trained people for it either.
Poaching, it's a problem for China, many REE experts have already left for the west and have been hired by miner/refiners in the critical minerals sector.
Obviously it will take a few years, but governments around the world are pouring money into local miners/refiners since they know that China can't be trusted.
Once you sell. The whales will scoop it all up.
All that hard work and patience. Down the drain.
Nothing changes in the grand scheme of things. Worst case the US/allies increase investment to accelerate REE production. China falls behind in advanced technology due to a massive counter retaliation.
How many times do we gotta learn the lesson not to be dependant on hostile foreign countries for shit. We're gonna build our REE infastructure over 10 years and then chinas gonna flood the market just like what happened with oil when you guys were 6
Didnβt π₯ say 40%, then 100%, then 250% tarrifs on China over the past 6 months and pulled back? Why does this time matter?
REE restriction was put yesterday by China and itβs not new it just added a few REEs and tightened down on usage in chips/tech exports
Calls for end of next week
it's a good sign in that their products are so good they have to avoid being too successful for risk having their company broken to pieces.
it's also a bad sign because REE NO TENDIES