China’s Dream to Control the World With Rare Earths Shattered, Profits Crash
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- Опубліковано 16 тра 2024
- Profits of Chinese rare earth giants plummeted, with rare earth exports declining year after year. How much longer can the "rare earth card" be played? China’s monopoly is on the verge of collapse, with the global rare earth map undergoing massive changes, and the West taking the lead.
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Very happy to see the progress by Australia, Japan, USA, Germany and other wealthy nations to secure a world NON DEPENDENT on China
especially for us here in the US, it’s disgusting how long our businesses financially backed and supported that country despite it’s less than moral intentions. I hope we start seeing less “made in China” on the shelves so we can finally start backing our own/ other countries production lines.
Just amazes me how short sighted politicians are. Especially in the US where mining is frowned upon with the thinking not in my backyard, but its OK to get it from other nations, how dumb is that.
NOT SO FAST!!....THE BIDEN SYNDICATE ARE IN BED WITH THE CCP OF CHINA !! THEY TOGETHER HAVE BIG PLANS FOR US....ITS NOT CURTAIN CALL JUST YET !! $$$$$$$$$$$$ !!
China still has something like 30% of the supply of rare earths (which are actually common, stupid name) in their own country and more than 20% from mining rights acquired on other countries. What China has an advantage of is not the supply but the factories in place and lax regulations that allow the company to make a profit. If this was done in the states there would be environmental offset carbon dollars and ground water/ air quality testing that the companies would have to waste more money on.
Meanwhile Australia is becoming more like China
China will not survive without the US but The US will survive and be more prosperous without China. If The US just fixed it political differences.
thats why russia and china use social media to make sure US stays divided
And tried fixing internal problems more then ones we probably shouldnt be involved with.
most political differences are just made up by media to rile voters up and make them feel they need to choose sides. Once more people wake up to that and start forming their own opinions separate from what the news tells you we’ll start seeing some improvement. It’s not as bad irl as you see on TV, news is always going to be sensationalized
12 families run the US. Politics is for the masses to keep them occupied.
Sadly the ccp plans to stage a coup in the US and take over the country. This must be stopped asap!
losing on BRI, losing on EV's, losing on housing, losing on rare earth, corporations fleeing, rampant unemployment, uncontrollable corruption, stealing money, who's to blame for this total failure.
Bully neighbouring countries, give no fuck about international laws and order, turning friends into enemies and enemies as ally. Xi jingping still really thinks he still has ultimate power. But he forgot mother nature is way more powerful than him
Top heavy corporations fail and normally more nimble took their place. That can't happen in China, because these corporations have close ties with CCP and CCP can't be chanced because China isn't democracy.
Democracy isn't cure to all, because some dimwits just vote the same party through their lives, but at least they stop voting when the party fails too much. That's why democracy and capitalism are self-repairing entities as long as there aren't monopolies.
Mr Xi.
There's more to blame than just him. Basically the whole nation is corrupt, and it's citizens routinely screw and scam one another. In fact, a popular saying there is, "If you can cheat, cheat". Most likely the military corruption is worse than Russia. If they ever tried to invade another country, there's nothing to worry about. They'd get their butts kicked.
Winnie The Pooh and the CCP. Avoid doing business with China - like your life depended on it.
Hubris, arrogance. When they had the opportunity to make themselves indispensable the CCP thought it would make more sense to alienate and infuriate the businesses and countries that needed their minerals most. Well played CCP. Well played. I can't imagine how terrible their environments must be at this stage.
Yup, my thoughts exactly. Way to go China!
For a long time now I’ve been noticing a heavy-handedness, an arrogance, as you say, and a severity and stiffness from xi.
He’s like this really severe parent who always believes he knows best, who will brook no argument, not even discussion, will never admit he’s wrong, wants to know what you’re doing at all times, and so on. I could go on and on, but I don’t think I need to. You just look at other countries who are getting it right, but then you see the mess that is China currently. It’s not rocket science, they’re so good at copying, it’s too bad they’ll never copy a better way of governing.
So yes, what you said can be extrapolated to the country, as well. Things could have been so good, but instead…
At 5:14 and 6:21 : China agued that part of the tariff was for the west to pay the cost of accumulated environmental damage to China due to mining, but the WTO ruled that China's poor environmental management couldn't be billed to the rest of the world, i.e. include the cost of environmental controls in the cost of the product, but don't back bill the west for your previous years of environmental sloppiness.
Agree totally.. they have no concept of the sanctity of human life when it comes to mining … all about profits and short term gains .. pure greed.
Yeah then they ignore most standards and they CCP threw a fit over Japan releasing treated nuclear waste water when there fish are super toxic and there limits for toxic elements in food are borderline nonexistent compared to other countries
CCP means Chinese Copy Paste 🤣🤣🤣😂😂😂
That is a good one
@@ronardojohn1057 unfortunately they cant even copy and paste properly
@@444coole444 it's like cheating on an exam and still failing lmao
😂😂😂😂
Yoooo! 😄🤘
I am so glad countries are starting to revive their own industries...
I’m totally agree with yu.
Pissing away your comparative advantage is the hallmark of dont know what the heck im doing. The world at large is forever grateful to the CCP for playing a brilliant hand blindly❤
They were ripe for economic development. A large cheap labor force investors were looking for. Huge market for companies to bring their products and services to. A monopoly on manufacturing. All because they want to be the next Roman empire, and their nonsensical governance, all that went down hill.
@@KNByam if they were more willing to cooperate with the western world instead of trying to financially colonize underdeveloped countries we could’ve had a completely different China. Imagine all of mainland china being run like Taiwan, the world would probably be in a much brighter state, at least.
@@Samookely Totally agree.
The sayings go: Know yourself and know your opponents! If not, you don’t even know why you failed. This is what’s happening in PRC.
The world has awakened to the fact that the CCP is a massive sovereign risk, and so mitigating that risk is vitally important.
Proving that having a monopoly on production isn't the same as having a monopoly on supply.
Xi doing anything right is rare
Yeah…he is similar to Biden’s horrible 50 yrs in government….never right on most major issues.
I’m dubious about this. I used to buy rare earth oxides from Molycorp Mountain Pass before they filed bankruptcy. It was well known at that time that the REO content of their ores were much lower than most of those in China. The number of mines in China are in the dozens and this content is discussing a few in the US, Mongolia , Lynas in Australia and Greenland. I’d love to see the west and Oceanic countries break the back of the Chicoms with RE mining but I’ll believe it when I see it
Yeah, he always play a good hand in the worst way.
@@raevjNever right on most majur issues? Such as?
Between Xi, Putin and Biden the Earth is in its most dangerous position since WWII.
Top notch reporting.
fake news
@@Funnydoodoo08 What's fake about it?
@@Funnydoodoo08I thought the ccp can't use youtube 😂😂😂
@@blackroberts6290 I don't blame them for blocking youtube ,look at this fake nonsense ,and you sheep actually believe this ,you stay broke ,let me stay rich in China .
Only a government can fail this fabulously.
Poor Pooh. How will he pay his 50 Cent Army now?
Seeing as the encounter of Wumaos are getting rarer and rarer, Pooh can't seem to pay all of them.
Pay them with rare earth.
@@pokemonyulol even the gold that’s being sold over there is turning out fake
@@lostlogic6911he's using that money to go abroad and arrest dissidents instead
he still has his organ farms.
Good luck, Mongolia. You found a great treasure, and now the dragon and the bear are going to try to take it from you again.
I think Mongolia is safe. China now has more rare earths than it can sell, and invading Mongolia will not give them any control over the rest of us.
China Observer videos are so good I can’t believe they haven’t been banned from YT.
Absolutely! They're the best vids on YT!
Fantastic diplomatic strategy there China. Really well thought out. 🤓
I’m an exploration geologist, and just our little team found many large REE prospects from northern Quebec to Australia. Most have detailed development plans ready to go.
Woohoo...! You've just made my day with that good news mate :) More jobs for Canadians & Aussies .... things are good.
@@nicholasrockall7308 I’m glad. And yeah, there will be work aplenty down the road.
Many countries outside of China have these resources. But China has been selling theirs cheap, so mining companies around the world shrugged their shoulders and didn’t always bother trying to compete.
But they did a lot of exploration and mapping work, as well as drawing up development plans, cost estimates, and tapped a lot of the political folks on the shoulders to say, “not today, but down the road, when China’s massively over produced mines dry up, or they try blackmail you by withholding them or suddenly start charging insane prices for it, you WILL want to help us expedite this project.”
“Here’s what our prospect contains, what it’ll cost to get online, and how long it’ll take to get the first refined ore products out. Just keep us in the back of your mind. Cheers!”
So there are a lot of these sites out there. Many like the Strange Lake and Misery Lake (aptly named, mosquito hell 😑) prospects in Quebec. After our job was done, they were doing just enough work on it over the past 12 years to keep their mining claim current and slowly improving the site characterization. Just waiting for the best opportunity to kick it into high gear…. 😊
Sucks being the enemy of the world.
Apart from their BFF... Russia. 💩
Ahh, poor China, real estate is down, EVs are down, manufacturing is down, rare earths are down, ....should we feel sorry for them?
Feel for the people of China, the common men and women, the labour force, but never feel for the CCP. All the CCP wants is global domination...after all the west is evil and full of demons if you believe CCP propaganda.
HELL NO!
What about Hong Kong?
@@cheetaih I likely missed other issues as well...there are so many...
The rise and and increasing consolidation of unchecked power by Pooh Bear has produced a cascade of mistimed heavy handed economic blunders. Rare earths was a bankable advantage that Pooh cashed in for flexing over a single fishing boat dispute. Pooh, besides being a bear, is also a jackass.
Having worked in a major corporation which used large amounts of these materials in their operations and having watched the CPR jack the prices up nearly ten-fold after gaining control of the market, this is great news!
Sad.. but the proud will always fall.. China had humble beginnings after WW2 but its rapid rise over the last 40 years have created a proud and arrogant population .. which can still be seen around South east Asia. Little by little, it will fall until they find humility again to respect the other nations.
They knew it already, they just didn't care.
WRONG. Why do you think China tried to buy out Australia's Rare Earth mining companies? Because they care.
In the global soccer match, China is made to abide by the rules, has a hissy fit and threatens to go home, and take their ball with them. Only to discover a lot of the other players also have balls. (You can take the last sentence any way you want.)
Trans women are women
Looking back, I am actually grateful for the pandemic. This was the wake up call the business community needed to reshore/homeshore it's supply chain.
On a side note, those rare earth magnets are incredibly strong! And they are very cheap on Amazon.
So very true, the pandemic also saw the improved medical advancements for people in remote areas in Australia.
So many dependencies on China produced supplies got severed because of their lack of human treatment of their own citizens. I feel sorry for citizens who live in fear of those who support CCP and are active in reporting on their own neighbours for their greed of worthless money from the CCP.
So true
China didn't know the critical fact that if a nation wants to control others through some precious natural resources, someone else will prepare another alternative to solve the problem. Why couldn't many oligopoly and monopoly organizations maintain their fixed market shares in diverse industrial businesses so far? Most famous organizations in the business world used to adopt the marketing theory of "Symbiotic marketing" to keep their market shares. But China might not have known that.
None of this should have been allowed to happen in the first place.
The US used to run rare earth mines but it was just cheaper to buy from China.
And we have millions of acres of land that are unexplored and untapped for precious metals and rare metals here in the USA.
Excellent presentation. Very thorough.
Eyes on Wyoming! That deposit could hold enough wealth to influence global level decisions. I’ve already heard some interesting and very concerning reports about it, which is not really surprising considering corporations who deal in such insane amounts of money are known to do very bad things to protect their financial interests.
great work. Awesome video and enjoyable to watch
This is a great story, very well presented!
The china people are being treated very poorly by their government it’s so shock
Free markets to the rescue!
Great.
When you abuse control of a thing, you still eventually lose control of that thing.
This is what happen, when you become an Arrogant Nation,
The rare earths don’t come from China. They are processed in China.
Superb presentation
Excellent. I was seeing China beginning to buy up a lot of rare earth after 2000. Knew someone would catch on eventually
Wow this is great news! Can't wait to get Mao-free neodymium magnets for half the price!
Goofy ahh Western Media 💀💀💀
THANK GOD EVERYONE HAS WOKEN UP
Back in the day as you new Lieutenant in Germany, I bought a used 280E MB for $4000. I was a fast car that could run on the Autobahn at 146mph all day long. I had to borrow the money from the Pentagon Federal Credit Union at 20% interest. I have seen the high interest rate thing before. What it does is to get people to really think about price. It forces people to think about is this car really worth what you are paying for it, not some endless monthly payment. Good video.
Cornering the market on a product in free markets is impossible and always results in massive losses for the monopoly. China has used huge subsidies in an attempt to corner the market on rare earth metals, and now the competition will destroy that investment.
"Rare Earth" minerals are typically not particularly rare. The difficulty involved with the extraction and processing of rare earth minerals is that they are (typically) fairly polluting. In the west, all the mines and processing steps are heavily regulated - no one wants to have rivers and streams contaminated with heavy minerals as by products of rare earth processing. So you have to get numerous licenses and environmental studies, etc. etc. Add in the cost of labor and all the other stuff, cost of extracting and processing rare earth is just a lot more expensive than in a place where licenses and environmental studies are suggestive in nature. So the natural law of the market economy prevailed - the low cost producer wins. However, once we get to a situation where the material is considered to be strategic rather than something that should be left entirely to market dynamics, then the market share distribution of the rare earths can be re-distributed. The equation remains the same though - in China and in the west. Extracting and producing the stuff is just a balance between paying for the care and attention of not damaging the environment and getting the minerals that you want, or not paying for the care and attention of preserving your environment and just getting the minerals you want - the latter will always be lower cost. However, it's not a particularly useful for blackmail purposes, because it's just an issue of money and time, not an issue of exclusivity of production sites.
I used to mine rare earth minerals in N.J., I know where a lot of them are, and so did Benjamin Franklin.
CCP during 2000s began slowing down or halting rare earth exports, only allowing export in finished products.
The U.S. didn't even rank in the lithium reserves.
Then a few months ago, turns out it has the largest lithium reserves in the world. Then a month ago another huge discovery. But wait. There's much more(multiple sites). It just hasn't been completely confirmed yet. Officially anyway.
Most countries have a lot of resources.
They merely need to be located, officially proven, and the big issue. Actually setting up to extract them. That initial cost can be quite expensive.
And why has the world become dependent on China? Partly because of monopolistic practices but also partly because the global Left won't allow mining in pretty much any form. So when you can't utilize your own resources, you're forced to get them from somewhere else. This has been the case for the last 40 years, that it has become harder and more expensive to extract minerals within the developed world because of these obstructions. I promise you that mining will be opposed to the bitter end in Alaska and California. Alaska at the federal level and California at the state level. Maybe at some point, people will learn a lesson from this.
Take back manufacturing
Aussie Aussie Aussie Hoi Hoi Hoi
Ccp is not good !
👌
I would bet that there's some rare earth in Canada also
China not controlled Rare Earth because it can almost be found anywhere in the world. What China have is the processing technic so it can purify rare earth from nature to be pure rare earth element that can be used in semiconductor making etc.
Nice try wumao, there's so many wrong fact from your text that I'm so lazy to point it out.
Like china the only country could effectively refine the rare earth while conveniently ignore the fact that it's precisely because of the lax environment regulation that give china the edge.
Btw "rare earth metals" neither means it's rare or from earth, it's just if it can be dissolved In basic acid.
😍 👩🏻 🎤 💻 📺 Beautiful Accent 🥰🥰
Get rekt, Xi!
If the economy cycles down... mimes slow down. Rare earth minerals is a side gig to make a few extra dollars off digging the are already doing, otherwise it isn't economically feasible. A few terrific are all it takes to change that.
Mimes slow down is quite the image! ☺️
Mongolia? I wonder how allied we are there.
Mongolia does not like the way the ccp treats Mongolians in China.
I imagine West Taiwan will try invading Mongolia in the next few years.
So, the US/AUS have solved the "thorium issue" ?
No, nobody has yet.
Great article
When are we going to stop calling them RARE earth minerals. They clearly aren’t rare! Lol
Only rare in the Earth's crust. Lots of them down deep.
Happy to see Winnie the Pooh fail at everything due to his greed
Australia is shitful of rare earth and all kind of minerals… just not promoted it’s cheaper to buy than produced however when needed Australian mining companies are highly automated so easy to go online and don’t need much human resources like China … just at the moment it’s cheaper to buy from China.
Never interrupt your enemy when he is making a mistake
Napoleon
I shudder to think about what might have happened had Poo-Bear kept his world domination comments to himself, had actually learned from the West how to research, invent, create and produce and kept his ego in check, paid lip service to who the real cash cows were in his country, not built a military that caused fear and consternation in other and just bided his time. If he had only played nice with everyone until he was number one economically and learned how to produce without stealing............ He might have truly been able to become number one in the world and realized his maniacal dream of becoming Emperor Xi.... We got lucky.
The CCP is truly magnificent! No other political group in the world is so adept at shooting itself in the foot! The "Middle Kingdom" is pushing itself off rapidly into the periphery of global economics.
@17:26 Narrator: The plural of "aircraft" is "aircraft." "Crafts "is used only when speaking of _handicrafts,_ such as pottery, weaving, macramé, scrapbooking, etc. @18:18 Writers: Vietnam is _not_ in the Southern Hemisphere.
USA USA USA!
The same goes for humans, men n women especially...dont depend on one source n do yourself a favor to always learn to do everything on your own,...don't depend on your spouse only have to stay workinh n have your own bank account and money ...
"Rare Earths", are not actually rare. They exist in many places. It's their messy and environmentally dangerous processing that's disturbing.
it's good that the world supply of rare earth may be expanding, but mine development takes time and a lot of capital, and must be profitable. So all these developments depend on prices and demand and politic.
The key factor here is that China has shown its hand as wanting to use dominance of supply as a lever to get whatever it wants - and is prepared to break WTO rules to do so.
The rest of the world has woken up to this blackmail, and (particularly the US) has been prepared to fund and subsidise un-economic mines that had previously closed with "guaranteed business". Even if the trade markets show a price crash, such as has been hurting the Chinese rare earth producers lately, those contracts with US military guarantee sales at a fixed price, making these revived mines viable regardless of whatever stunts China pulls. "Profitable" is not a factor in "Strategic necessity". What price for independence?
China is all about trying to control every aspects of anything that will give them power over the Western Nations at any risk including the environment, they over played their hand in the incident with Japan by pulling their supplies to Japan, instead of folding to China Japan and the other Western Nations got the much needed boot up the rump to wake them up to the underhanded moves of China. Something that all the people of the world saw what was happening but governments were too blind to see that they had fallen into the trap until now. Yes as we love our freedom that we have we also love our environment as well, if it means they have to work harder to produce what is needed but keeping the damage to the barest minimum I’m all for paying just that much more if it gives us the freedom from Chinas greed for control.
As for Mongolia I don’t think China will make a move right now as the West will step in to protect them this time around.
Same history roman Empire 😭😭😭
All i can say is 😮😅😂😁🤣🤣🤣😎.. 🇺🇲
So… rare is not that rare anymore
You need to fix the soundtrack in this video. I had audio on FULL BLAST and the voice is almost too soft to hear. I tested it out with a couple of other videos and I had to reduce it down halfway, go back to this hardly any sound at the same setting.
I did not have an issue of the sound on my iPad, try rebooting your machine and software, I found that once in a while this is needed to clear out the systems memory. No idea why it gets like that but it works every time for me
i bet russia has the most reserve
i dont get why we think most rare earth is in china i think it every where its just in places we dont wanne mine it but mongolia and austarlia are pretty empty so no probs mining and china doesnt give a ass about ho lives there
You hate to see it
Disaster😂😂😂
Rare earths are not rare. The only reason that China has such a large share of rare earths processing is because of environmental regulations in the west, especially the in US. As with many other material processing industries the west has just exported pollution to China. Is this ethical?
This is part of the hypocrisy of the environmental movement. They want electric cars and solar panels but don't want the industrial infrastructure necessary to produce those products "in their backyard." Better to let the Chinese do the manufacturing so that the environmentalists can maintain our "holier than thou attitude."
The Earth is sacred..wish people would stop mining..
Wishing for it is great. But...
Realistically, we will always need raw materials. Whether rare earth minerals, sand (glass, ceramics, concrete), gravel, cement, aluminium, iron, coal...
Maybe someday we can get it from asteroids... (excepting fossil fuels).
I think the key is not to oppose mining, but finding ways to do it without destroying the environment.
according to china mongolia is part of china !!
And Taiwan is NOT part of China!
The sound is so low, its hard to listen to her voice.
DON,T BE FOOLED , CHINAS VERY SMART, THEIR WAY AHEAD OF US WITH FUTURE PLANS, WE ALL BETTER BE ON OUR TOES AND READY FOR ANYTHING !!
People in any country can be smart, but a government of communist criminals is a very stupid thing! They can not help themselves! Just look at how they handled covid.
Volume is way too low for this
You guys need to cut back on your statistics 😂😂😂
China needs to learn the customer is always right. They can always go somewhere else.
Decrease of profit is not losses….😂😂😂 🤦♀️🤦♀️🤦♀️
Ores is pronounced "oars" 😊
MOUNTAIN PASS IN CALIFORNIA HAS AN AMERICAN FLAG AT ITS MAIN GATE BUT THE FACILITY IS OWNED BY A BIG CHINESE COMPANY FROM CHINA !! ..... SORRY TO SPOIL THE PARTY SHEEPLE !!
😮
Of course, it is!
Please don't add the annoying 'Whoosh' sound to mark a new 'chapter' (such as at 7:06 and many other places in this video).
This is the first video of your where I've heard it, and I hope it's the last.
It adds no clarity, but is annoying, like hearing a toilet flush in the middle of a discussion.
Speaking as an American, These F35s are a disaster. I call it the FMF (Flying Metal Failure). Only a handful of them are even fully operational. They couldn't beat an F16 with drop tanks in a visual dogfight. Way over budget. Way behind time. They offered to build a plane that could 'do everything' (their real goal was to milk the taxpayers of as much money as possible), and gave us a plane that does everything not so well. At the very best it's a long distance missile chucker when we didn't even need a new plane. The F22 (The first aircraft you showed) was a fantastic fighter made to clear out the skies and give us total air superiority. And they stopped producing it just when it was becoming more affordable to produce. Now why is that?
The same dream is in the Whit House in Washington ,USA !
Biden can't walk up a flight of stairs without help. Winnie can't walk down stairs without help.
And, Trumplethinskin, can't go anywhere, without pooping, in his diaper!
And is unduly sensitive about that Pooh thing. Does Obama complain about the "Tigger?"
don't use commas like that for numbers
That's European. The reverse of American number punctuation.
Turn your microphone up please. You're half the volume of everyone else on youtube.
Something is wrong with your phone. It's just as loud as those annoying youtube ads
Hey can you talk any softer? ITS TOO LOUD