Comments by "Valen Ron" (@valenrn8657) on "The TROJAN HORSE of CHINA? The MINERALS for the ELECTRIC CAR - VisualPolitik EN" video.
-
3
-
@qinby1182 My "Australia doesn't exploit its mineral wealth like China's raw materials to the manufacturing chain" context based on the following news articles
From WSJ
Date: Aug. 15, 2010
Title: After securing Rare-Earth monopoly, China Dangles Rare-Earth Resources to Lure Investment
BEIJING—China is cautiously using rare-earth resources as bait for foreign investment that could bring in sophisticated technologies that it needs.
Industry and government officials have begun talking about a Chinese government plan to offer access to its rare-earth resources—which are used in products such as hybrid-car batteries and missiles and are under strict export restrictions—to get companies including electronics manufacturers and auto makers to set up rare-earth-processing plants in China.
----
My comment: China has a government policy that enforces manufacturing located in China when using China's rare earth.
Setting up the leverage to use China's rare earth .
From Graphite Publications article from 2010.
Title: Will chinas Outrageous Rare Earth Monopoly Persist
Year Date: 2010.
Heavy importers of these REEs such as the U.S., Germany, and Japan believe these rationales disguise China’s true exploitative motive: to force foreign factories to move to China to keep their costs low and their supply high
Second, importing countries have been concerned with the agglutination of Chinese mining companies in what appears to be a calculated move to make China’s monopoly even more monopolistic. Most prominently, Bao Gang Rare Earth (BGRE), a state-owned REE company forcibly merged with four smaller companies and numerous smaller companies were shut down to create a monopoly in Northern China which accounts for two-thirds of China’s output. Moreover, China’s Ministry of Industry and Information Technology (MIIT) decreed minimum production thresholds for domestic companies in early August 2012, essentially truncating the smallest REE producers as well as with 20% of China’s rare earths capacity.
----
Your argument and mindset are simplistic, NOT holistic. You're stupid while China is smart.
Australia's increase in rare earth exports is relatively recent and backed by the Australian government's $2 billion state loan facility (Sep 2021) for Australian critical minerals projects.
2
-
2
-
1
-
1