antiterror13
Brigadier
As the USA has use most (if not all) the cards against China .... on the other side, China hardly even started .. this rare earth is one of many
Chinese Economics Thread
- Thread starter Norfolk
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As the USA has use most (if not all) the cards against China .... on the other side, China hardly even started .. this rare earth is one of many
Ignore the Australian cope post about the US developing its own processing capabilities. If the US could have developed the capabilities X years earlier, they would have done already, unless policy makers were retarded enough to think magnets and batteries aren't critical technology in the 21st century.
Lethe is just trying hard to show China that Australia matters, and can be daddy America's good servant, not just some red neck with coal, wheat and iron.
Lethe
Captain
Thanks to those who have made intelligent contributions. Certainly the article I linked rather handwaved the challenges associated with the United States midwifing both a domestic rare earth ore processing industry and domestic manufacture of end-use products. I would be interested to read more about these challenges if folks have useful links to share. My instinct is that when the rhetoric of national security is embraced by the political apparatus and paired with powerful industry constituencies that can feed the funds they receive back into the political apparatus to maintain and further their interests, there is little that cannot be achieved, even if the end product makes no commercial sense. See the "Senate Launch System", the , the Littoral Combat Ship program...
China to Be Top World Growth Source in Next Five Years, IMF Says
China will be the top contributor to global growth over the next five years, with its share set to be double that of the US, according to the International Monetary Fund.
The nation’s slice of global gross domestic product expansion is expected to represent 22.6% of total world growth through 2028, according to Bloomberg calculations using data the fund released in its World Economic Outlook released last week. India follows at 12.9%, while the US will contribute 11.3%.
AssassinsMace
Lieutenant General
When it comes to business and costs, it's like water. Water always finds the lowest level to get to. In business that means finding the lowest costs for production. That's why there's outsourcing and globalization. Anyone tries to change that like how the West is trying "re-shore" everything they need in their supply chains, it means it's going to cost them more money. Anything that cost them more money and there's a competitor that can exploit the cheapest sources that the West is trying to avoid, it means they can't compete thus will go bankrupt.
The US is trying to create Fortress America thinking it can shut out the rest because again they dearly want to believe they need no one but the world needs them. There are consequences to thinking like that like other countries dumping the dollar and choosing "China" instead. The US isn't opening the US market more for even allies. What are others countries going to get by siding with the US? Just like with the myth that the US needs no one, Westerners believe, or rather want to believe, that others just naturally want to be around them hence why they think they don't need to open their markets more because being in their company is the greatest gift of all and is invaluable to have.
The US says it's not forcing any country to choose a side. It is. The big deal today that has the West scared for its future is supply chains because they got scared watching themselves doing it to other countries first in their arrogance and then realizing how vulnerable they are to their own tactic. Most of the strategic resources the West needs to feed their future exists in non-Western countries. So who thinks the West doesn't need to force everyone to chose a side? Because they know that's unsavory in nature on their part especially after they say they're not forcing everyone to choose a side, they want to comfort themselves into believing China too forces everyone to choose a side. No, China has money which is what everyone wants more than the company of a white person. China is not a threat to the West because it's plotting to take over the world. China is a threat for just existing because China proves everything they believe is a lie.
Take a look at all the countries that have chosen the US. They're all countries like in the West that are vulnerable to supply chain problems because they don't have many natural resources of the own. They need a bully like the US to get those resources for them. They need a bully to shape the world in their favor because they can't do it themselves. It's not democracies vs autocracies. It's the have-nots vs the haves.
The US is trying to create Fortress America thinking it can shut out the rest because again they dearly want to believe they need no one but the world needs them. There are consequences to thinking like that like other countries dumping the dollar and choosing "China" instead. The US isn't opening the US market more for even allies. What are others countries going to get by siding with the US? Just like with the myth that the US needs no one, Westerners believe, or rather want to believe, that others just naturally want to be around them hence why they think they don't need to open their markets more because being in their company is the greatest gift of all and is invaluable to have.
The US says it's not forcing any country to choose a side. It is. The big deal today that has the West scared for its future is supply chains because they got scared watching themselves doing it to other countries first in their arrogance and then realizing how vulnerable they are to their own tactic. Most of the strategic resources the West needs to feed their future exists in non-Western countries. So who thinks the West doesn't need to force everyone to chose a side? Because they know that's unsavory in nature on their part especially after they say they're not forcing everyone to choose a side, they want to comfort themselves into believing China too forces everyone to choose a side. No, China has money which is what everyone wants more than the company of a white person. China is not a threat to the West because it's plotting to take over the world. China is a threat for just existing because China proves everything they believe is a lie.
Take a look at all the countries that have chosen the US. They're all countries like in the West that are vulnerable to supply chain problems because they don't have many natural resources of the own. They need a bully like the US to get those resources for them. They need a bully to shape the world in their favor because they can't do it themselves. It's not democracies vs autocracies. It's the have-nots vs the haves.
People need to relax about rare earths. The reason china controls rare earth is because China is capable of processing and refining rare earth. It's really not an easy process and China controls all the best technology and patent around that and all this technology is on export restrictions.
You might be able to force the military to buy processed rare earths at very high cost, but commercial users are not going to want to do that. Chinese industry can process & refine rare earth at low cost and sell it to rest of the world. Frankly, I think they should seek out opportunities in Brazil, Russia and Vietnam. After all, why dig up all your own reserves when you want to keep that advantage as long as possible? i'm surprised there isn't more story of Chinese rare earths giants in Russia and Brazil
You might be able to force the military to buy processed rare earths at very high cost, but commercial users are not going to want to do that. Chinese industry can process & refine rare earth at low cost and sell it to rest of the world. Frankly, I think they should seek out opportunities in Brazil, Russia and Vietnam. After all, why dig up all your own reserves when you want to keep that advantage as long as possible? i'm surprised there isn't more story of Chinese rare earths giants in Russia and Brazil
>Hong Kong’s aggregate balance, a measure of the amount of cash in the banking system, was HKD57.2 billion (USD7.2 billion) as of April 14, a drop of 85 percent from the high of HKD461.7 billion (USD58.8 million) in 2021 and close to the 2020 low of HKD54 billion, according to media reports.
how can it fluctuate so wildly?
also in the article
>Hong Kong dollar-denominated deposits nudged up 0.3 percent in February from a year ago and US dollar-denominated deposits climbed 3.5 percent, while other foreign currency deposits fell 10.5 percent.
Rare earths are often a byproduct of other metal refining, especially U. So Russia is definitely a potential (or existing secret) supplier.