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We're not looking for autarky, we're looking for strategic assurances and avoidance of dependency with adversarial consequences. It annoys me economic arguments
by ggm 2y ago
We're not looking for autarky, we're looking for strategic assurances and avoidance of dependency with adversarial consequences. It annoys me economic arguments delayed work to expand Australian rare earth sources, it would have been good not to get caught behind "cheaper is best" decision logic. The same logic shut down our microelectronics industry, local manufacturing, strategic policy in oil reserves and refining. Sure. Cheaper is great.. right up until it isn't because somebody else wants an outcome without price.
- throwaway422432 2y agoIt's happening but slowly. Lynas Rare Earths who are the largest miner and processor outside of China are in the initial stages of building a plant in Texas (which includes funding from the DoD). They currently have plants in Kalgoorlie and Malaysia, but not end-to-end making magnets. Iluka have also secured the additional funding required for a processing plant in Australia and have deals with other miners for feed stock once they get going. Disclaimer: I own shares in the above two and others and all currently at a loss on my initial investments.
- BLKNSLVR 2y agoSo if I get in at your loss level, then I'll always be less down than you. "Less down" seems to be my preferred position.