China's Dangerous Monopoly on Rare Earth

[@dave10q80]

Can you bring back the Cambodia video?

[@cemaslan7225]

Soon China will break Taiwan’s monopoly on microchips as well

[@PhilipWong55]

It's unclear how China is compelling the USA to buy rare earth from China. Imposing a 1000 percent tariff on rare earth imports may incentivize domestic mining and processing. This arrangement could be considered a win-win for both nations: the US gains total control over rare earth within its borders and earns extra tax revenues. At the same time, China has fewer resource depletion and environmental issues to deal with. However, a 1000 percent duty may not be a sufficient incentive to encourage domestic processing; an initial 15-year limited 2000 percent duty would be better. Since the production is for the domestic defense industry and that of its allies, there is no prospect of increasing the scale of production to reduce the price to compete with China. Start using Thorium Molten Salt Reactors to simultaneously make thorium valuable, address climate change issues, and solve the spent nuclear waste problem. The research conducted by West Virginia University and Penn State’s Center for Critical Minerals, focusing on methods to extract and separate rare earth elements and critical minerals from acid mine drainage and coal waste, looks very promising.

[@theburden9920]

China still has the monopoly lol

[@ceciliatai795]

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