4 ms·
Sadly, no. The first point: this is a necessary input to many manufacturing processes on which the US relies. At this point, China has pricing and volume cont
by earl 17y ago
Sadly, no.
The first point: this is a necessary input to many manufacturing processes on which the US relies. At this point, China has pricing and volume control over these resources. This is, and should be, a matter of some concern.
Second -- did you even bother to read the article? It sounds like China -- and let's not kid ourselves, every large Chinese corporation is an extension of the government and controlled by the government -- seems to have been selling such ores below cost, possibly as a strategic move to end US production. While we could certainly restart production, there are immense lead times to such things.
Finally, given the evident pricing volatility, this could well be a place where private investment fails to produce the the socially optimal outcome.