Comment on China Halts Critical Rare Earth Exports as Trade War Intensifies.
52fighters@lemmy.sdf.org 11 months ago
From what I understand, China’s exports of rare earths have been largely a part of finished components and that’s not been suspended.
True, but this changes the world dynamic much more than we’d think.
Before China would sell materials and other countries would have factories to produce products from them.
Now, China can move the production into their own country, selling their products without the middleman, but still keep the prices up.
Factories shut down in the rest of the world and open in China. They now control the full product from material to the sale.
I could be wrong but my impression was that this is how it already is for goods containing rare earths. That they are already manufactured largely in China and China exports them and that there’s no ban on finished products containing rare earths.
Kroxx@lemm.ee 11 months ago
Work in an industry that uses raw RE oxides to produce medical equipment.
We are fucking toast if these tariffs and restrictions are kept.
You literally can’t get some of these REs anywhere else in the world as in the natural abundance is literally only in china.
What you said is correct I imagine but some of the REs are utilized in a raw format in us based plants.