Comment on Australia offers Europe, Japan, other allies to sell stakes in its Critical Minerals Strategic Reserve to counter China's control over supply chains

Tenderizer@aussie.zone ⁨3⁩ ⁨weeks⁩ ago

• slazer2au@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  Would rather they be tax payers rather then shareholders then at least we get something back from their pillaging of natural resources.

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  • Tenderizer@aussie.zone ⁨3⁩ ⁨weeks⁩ ago

    We’d need to mine the rare earth metals at a loss. Nobody’s getting anything back from mining them.

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• Deceptichum@quokk.au ⁨3⁩ ⁨weeks⁩ ago

  Considering companies exist to serve shareholders, why would we want that? “Oh hey world, do you want our resources? Come get fucking rich off of them instead of us”.

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  • Tenderizer@aussie.zone ⁨3⁩ ⁨weeks⁩ ago

    We’d need to mine the rare earth metals at a loss. Nobody’s getting rich off them.

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    • Deceptichum@quokk.au ⁨3⁩ ⁨weeks⁩ ago

      Everybody using them would be getting rich off of them. They’re not buying them for fun but because they enable them to build and sell more shit.

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      • Tenderizer@aussie.zone ⁨3⁩ ⁨weeks⁩ ago

        Chinese rare earth minerals are super cheap. Nobody would buy them if we charge more unless China cuts off supply, and that’s a military anxiety rather than anything the market sees opportunity in.

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• hanrahan@piefed.social ⁨3⁩ ⁨weeks⁩ ago

  And incredibly toxic to proceess.

  It’s why Lynas didnt even bother trying for a permit for its WA mine and istead pollutes the shit out of the Malaysian rainforest after transporting the ore there.

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