Friday, August 30, 2019

To Combat China, Pentagon Races To Develop Rare Earth Mineral Plants In Australia

A shooting war between the U.S. and China seems far-fetched at the moment, but could be plausible once the Pentagon reduces its rare earth mineral exposure on the Asian country and sets up new processing facilities in Australia.

Lord's meeting comes after a series of threats made by the Chinese to block rare earth mineral exports to the U.S., about 17 minerals in total, mostly used in fifth-generation fighter jets, M1 Abrams tank armor, radars, lasers, and engines.

Based on what I know, China is seriously considering restricting rare earth exports to the US. China may also take other countermeasures in the future.

What irks Washington and the neocon warmongers in the White House is that China controls 80% of the global processing capacity of rare earth minerals.

To derisk and decrease reliance on China, the Pentagon also held talks with Canada and countries within Africa to develop rare earth reserves.

"China represents a significant and growing risk to the supply of materials and technologies deemed strategic and critical to U.S. national security; a challenge shared by key allies such as Germany and Australia," the report read. Last month, President Trump directed the Pentagon to develop new ways in acquiring magnets made from rare earth minerals, suggesting that reliance on China or other countries could one-day result in declining stockpiles.

When the Pentagon can fully source its rare earth minerals from Australia, which would ultimately reduce its China exposure to zero, that will be the moment when war planners in Washington might feel comfortable in waging a shooting war against China in the South China Sea.

https://www.zerohedge.com/news/2019-08-28/combat-china-pentagon-races-develop-rare-earth-mineral-plants-australia

No comments: