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The only reason 97% of them are mined in China is why everything else is produced in China -- it's cheaper. There is a shuttered mine in the U.S. that is being
by cameldrv 17y ago
The only reason 97% of them are mined in China is why everything else is produced in China -- it's cheaper. There is a shuttered mine in the U.S. that is being restarted that has and will produce all of these elements. The mine closed because they were undercut by China. If China won't sell at any price, presumably they will be profitable again. IMO, the U.S. should embargo Chinese rare earths since they have been shown to be a politically unreliable supplier.