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by reenorap
274 days ago
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There is nothing rare about rare earth minerals. The only thing is that it's expensive to extract them by American workers vs Chinese workers which is why all the business went to China. The prices will have to go up in order for it to be "worth it" but now that it's a national security issue, maybe more effort will be put into this. |
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Many heavy rare earth, i.e. the strategic stuff, is actually rare in terms of economic extractable sources we know of, mostly ionic clays found in China and parts of south east Asia I think also Brazil. It's the same reason PRC is the largest oil importer even though on paper PRC has the largest shale reserve in the world (more than the US), their deposits are just very deep in the desert, technically extractable but not remotely economically to the point where it doesn't even make strategically (not for lack of trying). This without even mentioning behind behind in extraction tech.