Submitted by BalticsFox t3_z4qd2s in technology
Comments
DukkyDrake t1_ixs8ixk wrote
China doesn't have a monopoly, they're simply the cheapest source the past many decades.
Exel0n t1_ixtd52g wrote
china's advantage is regulation arbitrage. their environmental law enforcement is low and allows those mines to pollute a lot, which can never happen in the west. therefore their cost of production of rare earth is, well, dirt cheap.
it's not that the west doesn't have rare earths, its just the cost of production is not even on the same order of magnitude, which makes most mines not financially feasible to operate
[deleted] t1_ixtf5rw wrote
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[deleted] t1_ixtf9jq wrote
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Exel0n t1_ixtgue1 wrote
not really. imo the regulations in the west is way too strict and bascially kidnapped by the hysteria and paranoid of a small group of extremist.
china and soviet union bascially killed off most of the apex predators, like tigers (for soviets, the Caspian tigers), most leopards, bears, crocodiles (yangtze crocodiles). according to the western "ecologists" their eco system should have collapsed and everyone there living in hellscape now. the truth is different.
rare earth mining requires lots of acids. but those acids are organic and will dissolve in the natural environment, and runoff to river and eventually to the ocean, and eventually convert into other materials (they hardly exist in nature in pure form for a reason, coz they react with other mateirals which cause them to cease to exist).
so those acids used in mining, they actually dont do that much harm. but the environmentalists gonna have mental breakdown seeing all those colorful acid pools and miles and miles of barren land of mining and cry out its environmental catostrophy and the media will help them to stir up mass hysteria to shut or limit those mining.
meanwhile china can do it as what it wants and benefit. thats a massive advantage that the west might never catch up in our lifetime simply coz the west is too irrational when it comes to "pollution", even relatively harmless ones.
[deleted] t1_ixtv7z8 wrote
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HazelCheese t1_ixu3vd4 wrote
We don't avoid killing animals just to protect the ecosystem. We do it because we have empathy and recognise they can't protect themselves from us.
wewbull t1_ixu6i8p wrote
Shame we share a planet with them.
Plzbanmebrony t1_ixu7r6u wrote
They don't have the cheapest source they just sell at the lowest price just to have control. Rare earth is perfectly profitable to mine else where in the world.
thEiAoLoGy t1_ixuc5oe wrote
Yeah let’s just casually extinct whatever the fuck gets in the way. /s
danielravennest t1_ixuh42o wrote
3200 tons, from Madagascar, seems to be the only African source. Don't know who owns the mines or where they send it.
Note that the "Rare Earths" are different than technical metals like cobalt.
DukkyDrake t1_ixukj4e wrote
> They don't have the cheapest source they just sell at the lowest price just to have control.
That makes China the cheapest source.
Good luck to any country that think they can beat their prices without turning their own countryside into an hellscape
Plzbanmebrony t1_ixulb0n wrote
I misunderstood. I thought you were saying that had easiest access and lowest production cost.
[deleted] t1_ixuqpav wrote
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DukkyDrake t1_ixus2bo wrote
They were simply willing to cut the most corners, the way American industry operated before dumping toxic waste in the nearest stream was frowned upon.
The problem is the global value of rare earth imports was only $1.15 billion back in 2019. It's not a huge market, but it involves a lot of cost on the processing end. It's not just about mining.
MasterpieceBrave420 t1_ixvitej wrote
Isn't Bolivia sitting right on top of one of the planet's largest lithium deposits?
[deleted] t1_ixvm23e wrote
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DonaldTrumpsSoul t1_ixvn8uo wrote
Bolivia needs us to bring them freedom?
Trackman1997 t1_ixvw8ik wrote
This is referring to Scandium, Yttrium, and the Lanthanides. Lithium and Cobalt, though highly valuable for renewables, are not technically rare earth metals though they are often included.
Beneficial-Usual1776 t1_ixxytxu wrote
nothing a bit of hard working children or dispossessed indigenous can’t shave off on the margins amirite
Un-Scammable t1_ixs83nb wrote
I love the west🇺🇸📈😍