TRADE HARDBALL: CHINA THREATENS TO CUT OFF US SUPPLY OF RARE EARTH ELEMENTS

Source: https://www.blacklistednews.com/article/72814/trade-hardball-china-threatens-to-cut-off-us-supply-of-rare-earth.html
Published: May 21, 2019
Author: staff
Post Date: 2019-05-21 12:41:35 by Horse
Views: 106

China produces 80% of the world's rare earth elements. They are used in weapons, cell phones, hybrid cars, and magnets.

China does not have the means to match the US in the total number or amount of tariffs. But China can strike back in other ways. One critical way would be to cut off the US supply of rare earth elements.

Bloomberg reports Xi’s Trip to Rare-Earths Plant Stokes Talk of Trade Retaliation

Shares in JL MAG Rare-Earth Co. surged by their daily limit Monday after state news agency Xinhua said the Chinese president had stopped by the company in Jiangxi. Official news outlets give regular updates on the whereabouts of top leaders, sometimes leading to share spikes on the belief that companies have been handed official backing.

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#1: Pinguinite    To: Horse (#0)

Well, he could turn to N Korea and Russia. But that would mean removing sanctions. Quite the conundrum!

Kinda hard to rule the world when you only have 5% of the world's population and 6.1% of the world's land.

Pinguinite posted on 2019-05-21 13:34:34   Reply   Private Reply

#2: Lod    To: Horse (#0)

Crypto-jew Truman should have let MacArthur march to Peking.

Your hindsight hint for the day.

Lod posted on 2019-05-21 13:45:04   Reply   Private Reply

#3: Horse    To: Lod (#2)

Patton wanted to march to Moscow with the German Army.

Horse posted on 2019-05-21 14:48:22   Reply   Private Reply

#4: hondo68    To: Horse (#0)

Mountain Pass sells for $20.5 million | MINING.com

There's a HUGE Rare Earth elements mine in California that's been shut down by the econuts.

Start the excavations back up NOW!

hondo68 posted on 2019-05-21 15:46:03   Reply   Private Reply

#5: BTP Holdings    To: Lod (#2)

Crypto-jew Truman should have let MacArthur march to Peking.

Your hindsight hint for the day.

The only problem with that was when MacArthur made an amphibious landing at Incheon to cut off the North Koran Army in the South, China sent 300,000 troops into North Korea. These troops were just coming off their own revolution and were battle hardened.

en.wikipedia.org/wiki/Kor...f_Inchon_(September_1950)

The reason Korea was the first U.N. war is because the Soviet Ambassador to the U.N. missed the Security Council meeting. I can guarantee that was the last one he ever missed. ;)

BTP Holdings posted on 2019-05-21 16:05:56   Reply   Private Reply

#6: randge    To: hondo68 (#4)

Nice picture.

Americans need to roll up their sleeves. There's a bunch of strategically important stuff that we can get our hands on right here before begging the owners of the Chinese anthill for it.

Sections of the industry remain optimistic that Trump’s ideal of self-sufficiency is achievable. Adjunct scholar in geosciences at the Center for the Study of Science Ned Mamula and chief economist of the Heritage Foundation Stephen Moore wrote in the National Review that, “the US sits on a vast treasure of mineral resources and reserves that are probably more extensive than those of China and Russia combined”.

www.mining-technology.com...l-minerals-scarcity-undo- america-first-mining/

randge posted on 2019-05-21 17:28:37   Reply   Private Reply

#7: Lod    To: BTP Holdings (#5)

MacArthur would prolly have called for FatBoyII.

Lod posted on 2019-05-21 21:27:13   Reply   Private Reply