A means of cleaning up the mess the Biden regime created.
China’s announcement comes on the heels of the Biden administration’s crackdown this week on the Chinese semiconductor industry,
Expel a few thousand Chinese college students. I know the universities will howl. So what?
Gee.....we might have to mine these minerals IN THE USA.
Hopefully, there will be numerous American businesses....coming home.
China also goes around the world buying from the mines directly. They offer the miners a good price and a long term contracts for all they produce. The commodity exchanges will run very low on inventory, if they can get anything at all. One reason they do it is because the western dominated paper prices of commodties is fraudulent in that it keeps prices artificially low.
There is no shortage of rare earth metals in the United States, just too many watermelon Marxists and bureaucracy. I’m perfectly fine with China cutting us off because that means we have to develop our own resources. It’s a win.
As the US did in WW2 they will do now. Early in the war, the US quickly found alternatives to make up for raw materials from areas the Japanese had conquered
“Critical minerals”
___________
1) They are not really that critical, mostly needed for the “Green” stuff.
If we just scale back that, we will be all OK.
2) These minerals are not that rare.
US used to have monopoly on them, but we foolishly gave it away.
The Mountain Pass mine is unfortunately located in CA, so the enviros kill it. If we could just move it few miles west to NV, we would probably still have that monopoly!
The U.S. has been dependent on China for way too much, for far too long. It’s no different than Europe being dependent on Russian energy products 80+ years after WWII ended. The longer it has gone on, the worse it’s gotten, and not one politician before Donald Trump came along, even tried to do anything about it. Like voter fraud, they figured if they ignored it, it would just go away, or nobody would notice it.