AssassinsMace
Lieutenant General
I don't even know if there's any credibility to this story because they get some facts wrong about rare earths. Just because China controls 80% of rare earths on the market. It doesn't mean 80% of rare earths are found in China. China acquires a lot of rare earth ore from paying for mining rights in other countries. The US and the West can't compete because they aren't willing to pay as much as the Chinese. China processes 80% of the rare earths on the market is more like it. It's the processing part that gives China the monopoly because the West isn't willing pay the price from processing because it's difficult and hazardous and it cost too much for the technology to process for others countries to do it themselves. And remember the US ships their rare earth ore they find and own to China to be processed.
If this rare earth deposit is in China then it belongs to China. China shouldn't be even negotiating over it. Chinese like thinking they're civilized hence why they're entertaining negotiations. From the Western perspective, China negotiating means Beijing recognizes there's legitimacy to the claim.