Quote:
Originally Posted by BobbyBeeBrown
Meanwhile, this mineral deal sure AF ain't going to be a "Trillion dollars." There is nowhere near enough capacity to mine, build, refine, distribute, etc. That all has to be built and put in place. At hideous cost. We will be dependent on Chinese controlled resources for many more years.
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You're probably right. This is probably like EV's and solar cells. We'll have a difficult time competing with the Chinese, especially given that they already have the mines and processing facilities in place. Not that developing a rare elements/minerals supply apart from China is not worth doing. It definitely is. But our soon-to-be 51st state and Greenland are much closer, and more politically stable. Lol, kind of.
Seriously, Trump and Biden should have targeted rare earths in their trade wars, and developed a safe, secure supply of rare earths and the like, instead of levying huge tariffs on Chinese garments, toys and cheap consumer electronics. Dumb shits.