this post was submitted on 20 Jul 2023
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cross-posted from: https://lemmy.ml/post/2274036

Plays stupid games, win stupid prizes as the saying goes.

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[–] [email protected] 3 points 1 year ago (1 children)

Seems silly. China is doing almost all the refining but they don't have a monopoly of the extraction of the originating mineral. There's a lot of it in Australia, and the US could pivot to doing its own refinement at any time.

[–] [email protected] 4 points 1 year ago

The thing is that it's going to take a significant amount of time to create refining facilities, train workers, and so on. During that time, Chinese companies will have a huge market advantage over western ones.