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No, that's not the only reason. It's also just currently a lot cheaper in China, so European mines can't afford to operate (I believe due to the very low densit
by guerrilla 4y ago
No, that's not the only reason. It's also just currently a lot cheaper in China, so European mines can't afford to operate (I believe due to the very low density of deposits), so we keep the closed in reserve. There's awareness that this is probably a strategic mistake but as far as I know nobody's doing anything about that yet.
- ElectricalUnion 4y ago> this is probably a strategic mistake A larger strategic mistake would be having lots of very large and both military and natural disaster vulnerable tailings ponds everywhere in your country "just because there is the possibility of a strategic mistake if we don't mine stuff". It doesn't take more that a dozen of those Tailings dam failures to completely ruin a small country.
- noselasd 4y agoIt's more about China being strategic. They subsidies rare earth mining enough that very few others are able to compete and set up sustainable mining operations.
- swagasaurus-rex 4y agoUndrselling the market only makes sense if you recoup your losses by jacking up the price once your competition has gone under