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Should the trade war escalate a bit too much, it will impact the cost of energy too. China has a rare earth minerals (think neodymium magnets used in motors and
by squarefoot 7y ago
Should the trade war escalate a bit too much, it will impact the cost of energy too.
China has a rare earth minerals (think neodymium magnets used in motors and generators) yearly extraction rate 8 times higher than the US, and their extimated reserves are about 30 times bigger. They're #1 in the world in one of the most important elements industry, period. If this idiocy continues, it won't need to get to the military level to produce some serious damage.