rapjr9 38 minutes ago

So what is happening right now with rare earths used for military purposes? My reading says it will take 5-10 years to build processing facilities without which the raw ore is useless. Has the US stopped building missiles and fighter jets? They seem to still be selling them to other countries, but it is unclear if they can actually deliver anything until many years from now, or even restock their own supplies. Maybe the military has a small stockpile of some of the REE's? It's also not clear how the UK, EU, and Australia are going to stockpile REE's if they don't have the capability to process the ore. Is the West's supply of weapons going to run out soon as they use up what they have and can't build more? This seems pertinent both to attacking Iran and the war in Ukraine.

  • alephnerd 26 minutes ago

    Stockpiles have existed for years, and Japan+SK began building an ExChina REE supply chain in the 2011-17 era that most other countries are piggybacking on.

    > UK, EU, and Australia are going to stockpile REE's if they don't have the capability to process the ore

    They do. The issue has been price. They only began working on building an ExChina supply chain 2019 onwards, and this current G7+ announcement is part of that larger strategy that officially began under Biden but has been cooking for years.

throwawayqqq11 2 hours ago

> One area of discussion will be calls for the US to guarantee a minimum price for critical minerals and rare earths

Why is a minimum price more important that a maximum one with guaranteed supply quotas?

And who trusts the US for that?

> “This is about trust. You sign a deal and you trust it will apply,” said an EU source. “This constant threat of more tariffs, whether 10% because of Greenland or 200% on champagne because they don’t sign up to the ‘board of peace’ has to stop.”

Yea. I guess its just theater to calm trump and to guarantee profit margins.

  • SpicyLemonZest 2 hours ago

    > Why is a minimum price more important that a maximum one with guaranteed supply quotas?

    Previous attempts to set up a supply chain for these minerals in the West have repeatedly failed because the economics didn't work out. If China can sell a batch of samarium at a lower cost than what a Western firm would spend to extract it, you simply can't run the business without a minimum price or equivalent ongoing subsidy.

    > And who trusts the US for that?

    The US is the largest consumer and could be a major supplier of these minerals. Their position on this issue is relevant regardless of trust.

    • bigbadfeline 15 minutes ago

      > you simply can't run the business without a minimum price or equivalent ongoing subsidy.

      This is the question - what form of subsidy to use? You seem to imply they're all the same but that isn't true. For example, farming is subsidized in the US without mandating minimum prices - there seem to be good reasons for that but why are minerals so much different as to warrant a different approach which is significantly more disruptive to competition and thus to marketing forces?

      > The US is the largest consumer and could be a major supplier of these minerals. Their position on this issue is relevant regardless of trust.

      That statement is irrelevant to the quote it replied to. The issue was trust regarding agreement-breaking tariff and other trade policies which turn any agreement into a one-sided tool for achieving market domination - that is, when one side conforms to agreements and the other doesn't, that other side is effectively dictating its conditions to the rest. This should be quite obvious but what do I know.

Havoc 27 minutes ago

Think this would have a better chance minus the US. They're way to busy with imploding national politics

AreShoesFeet000 an hour ago

Let’s carve out the world once again. It will totally work out this time. Trust me.

  • alephnerd an hour ago

    Maybe China should not have blocked rare earth exports to the EU [0], Japan [1], India [2], and other countries in addition to the US in 2025.

    This is why ExChina is the name-of-the-game in the REE space, becuase this risk has been something most of us in the space recognized would occur since 2011 during the Senkaku-Diaoyu standoff, and finally got backing during the Biden admin.

    [0] - https://www.reuters.com/world/china/eu-firms-brace-more-shut...

    [1] - https://www.csis.org/analysis/chinas-rare-earth-campaign-aga...

    [2] - https://www.reuters.com/world/china/india-taking-steps-mitig...

    • bigbadfeline 2 minutes ago

      > Maybe China should not have blocked rare earth exports

      That was after 150% tariffs on China and the ban of exporting EUV semiconductor equipment to them. China's response was a quite normal negotiation tactic given the chapter of "The Art of the Deal" which was being used against them.

      Then the tariffs normalized somewhat but the ban remains, nevertheless China repealed the ban on rare-earths as a sign of good will - only to be blamed for... the policies of others which have shown to bring only suffering, poverty and wars.