CHINA THREATENS WITH RESTRICTIONS ON RARE EARTH METALS

Maybe the Chinese have forgotten what’s made America great: our creativity and ability to overcome adversity.

So go ahead, China. We’ll find either other places or invent other materials.

China is “seriously considering” restricting rare-earth exports to the United States, the editor in chief of the Chinese tabloid Global Times said on Tuesday.

Rising tensions have led to concern that Beijing will use its dominant position as a supplier of rare earths for leverage in the trade war between the United States and China.

“Based on what I know, China is seriously considering restricting rare earth exports to the U.S. China may also take other countermeasures in the future,” Hu Xijin wrote on his Twitter account.

A senior official from China’s state planner, the National Development and Reform Commission, said China will give priority to domestic demand but is also willing to meet reasonable demand from other countries for rare-earth resources.

Chinese President Xi Jinping visited a rare-earth company in southern China last week, according to state media reports. The price of shares in rare-earth producers gained amid speculation Xi’s visit indicated China was considering using rare earths as a weapon in the trade war.

China accounted for 80% of the rare earths — a group of 17 chemical elements used in high-technology consumer electronics and military equipment — the United States imported from 2014 to 2017.

So far, Chinese rare-earth exports have been spared from recent tariffs by the United States, which has decided not to impose import duties on those and some other critical minerals from China as part of the trade war.

Beijing, however, has raised tariffs on imports of U.S. rare-earth metal ores from 10% to 25% from June 1, making it less economical to process the material in China.

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6 Responses to CHINA THREATENS WITH RESTRICTIONS ON RARE EARTH METALS

  1. bogsidebunny says:

    OH OH. That means the cost of computer products and smart phones will skyrocket thus seriously economically impacting Trump’s supporter base. This smells like the Democrats are colluding with the Chinks to alter the results of the 2020 presidential election. My Oh My what a novel idea.

  2. dekare says:

    I’m not worried…hiLIARy will secure a new source for us. She has access to like 20% of this stuff…doesn’t she?

  3. Eskyman says:

    Who would ever have suspected that maybe having to depend on our enemies for things we can’t do without was a bad idea?

    Why, during WWII everybody in the USA drove VWs to save on gas for the war, didn’t we? Well, at least up until the Germans bombed Pearl Harbor!

  4. Funnily enough Eskyman the US were smart enough in the years lading up to WW2 to restrict stuff like Helium as it was seen as a strategic resource. They also limited access to things like turbochargers. If the Chinks limit supplies of rare earth metals the US will find a way around it, even if it means recycling stuff in the US instead of shipping it back to China or dumping it in landfill.

  5. txnick77 says:

    There was a rare earth mine out west, but the chinese (lowercase intentional) flooded the market with cheap metals and it closed down. I have heard there is an effort to reopen it. This move by the chinese should help that effort.

  6. Dan says:

    “Rare Earth” metals aren’t rare. There is plenty of them on planet earth. It’s just that they are widely dispersed and mixed in among a lot of other elements. This makes mining and processing them out into pure form expensive, time consuming and hazardous….to both people and the environment. The west has let China provide them cheaply because China doesn’t care how many
    workers are poisoned by the process or how much pollution the process creates. That is the ONLY
    reason China provides rare earths to the world. If they raise the prices or restrict supply the US and many other countries DO have plenty of these elements…..and for the right price we CAN extract them.

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