Does China really want to declare War on Rare Earth minerals ? (China currently possesses 80% of the world’s rare minerals)

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> In 2002, the United States closed the Mountain Pass rare minerals mine in California, which symbolized US control over the production of minerals that have become vital to the automotive industry, telecommunications, renewable energies and armament, due to cost and pollution risks. This is inaccurate. This mine currently outputs 15% of global rare earth’s production. They don’t currently refine it here, but ship it to China to refine since that is where the facilities are. They do however have a green process to refine the rare earths and just raised a bunch of money to build the facilities for that here. The US DOD even gave them a ~10M grant. You can own this company’s stock as it is public and trades under the symbol MP. Disclosure: I own the stock.

AwesomeMathUse

“Rare earth minerals” are not rare. Canada alone has enough for the planet for the rest of this century. The problem is China will crash the price and put anyone that competes out of business. Hence, Miners are hesitant to spend on the facilities. Government guarantees and subsidies will swiftly put an end to this problem if it ever becomes one.

recurrence

China mines 80%. It does not possess 80%. Rare earth minerals are not rare. You just have to mine them. Guardian mag.press has nothing to do with The Guardian.

2-buck

Of course, but as always if things are too expensive they find another way.

bengoduk

This article is a dumpster fire of misinformation and inflammatory language. From “monopolizing…nearly half” to exploring resources from “friendly” countries being too expensive because of environmental protection laws. The US needs to invest in domestic refineries. If it doesn’t, it is subject to policy decisions in countries that host such facilities. It’s not rocket science. We have pushback on developing rare earth meals in Colorado and California because of environmental concerns. But under our laws, we must either use (yes, pay for) best available control technologies for water pollution and solid waste disposal, or buy from someone else selling on the terms they’re willing to sell on. Bitching about high prices /and/ criticizing the suppliers environmental laws and trade policies is cowardly. Edit: delete incorrect remark about publication: it’s the Guardian /Magazine/ not The Guardian. My bad.

alecesne