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 ⁨2⁩ ⁨days⁩ 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 ⁨1⁩ ⁨day⁩ 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 ⁨1⁩ ⁨day⁩ 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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      • Deceptichum@quokk.au ⁨1⁩ ⁨day⁩ ago

        So people will buy them if China cuts off supply… sounds like they’re profitable.

        I don’t get why you’re simping for corporate welfare mate.

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