I've read that rare Earth's are mined where there is manufacturing demand and that they are not restricted by supply considerations. This graph seems to support that?pic.twitter.com/qtcwMyWOlW
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Yes. America has plenty of rare earth, China is just cheaper
According to my research, China REO reserves are about 40-50x the United States (though I don't believe that).
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I don’t know about reserves, but in my area of Colorado, mines stay ready to reopen when prices are right. We have these rare earths here
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Right, analogous situation in steel industry. At first, I didn't understand how tariffs could benefit the industry - why build a new plant in response to a temporary tariff? Well the plants are just dormant, ready to restart quite quickly.
End of conversation
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