Summary
China has now imposed export controls on a range of critical rare earth minerals and magnets, dealing a major blow to the US.
“Rare earths” are a group of 17 chemically similar elements that are crucial to the manufacture of many high-tech products. Everything you can switch on or off likely runs on rare earths.
The International Energy Agency (IEA) estimates that China accounts for about 61% of rare earth production and 92% of their processing.
A US Geological report notes that between 2020 and 2023, the US relied on China for 70% of its imports of all rare earth compounds and metals.
You mean by productively increasing global temperature so that the permafrost layer drops? At the cost of equatorial land combusting, drying out lakes?(Like Chad, Nevada) Followed by a ecological collapse of main food sources. Lowering demand for rare metal products. Wow simply wow.
What’s the end game here, 1000 satellites to facilitate one person?
“Yes, the planet got destroyed. But for a beautiful moment in time we created a lot of value for shareholders.”
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You think they care about anyone but themselves?