Thanks to Democrats China Monopolized the Rare Earth Metals Market – Now They May Restrict Sales to US
Thanks to Democrats, in 2013 the United States was tied for last, with Papua New Guinea, in the time it takes to get a permit for a new rare metal or mineral mine.
And, thanks to Democrats, the United States is now 100% dependent on 19 strategic rare metals and minerals, 11 of those are from China.
American Resources Policy Network Principal Daniel McGroarty wrote about this crisis in The Wall Street Journal at the time.
A century ago, plentiful elements like iron, lead, and copper fueled our Nation’s transition to an industrial economy. But today, many of the materials that characterize the industrial cutting-edge—such as rare earths, indium, and lithium—are not as naturally abundant or easy to access as their predecessors…
…Jobs and capital increasingly flow to countries that command the resources to power modern manufacturing, and American manufacturing is more dependent on metals and minerals access than ever before. Yet there is no country on the planet where it takes longer to get a permit for domestic mining. Among other consequences of this red tape, there are now 19 strategic metals and minerals for which the U.S. is currently 100% import-dependent—and for 11 of them a single country, China, is among the top three providers.
Democrats, of course, are notoriously against mining efforts and even cheer the death of mining jobs.
It’s the Democrat Party’s anti-American policies that have allowed China to monopolize the rare earth metals market.
China is now considering restricting rare-earth exports to the United States.
China is “seriously considering” restricting rare-earth exports to the United States, the editor in chief of the Chinese tabloid Global Times said on Tuesday.
Rising tensions have led to concern that Beijing will use its dominant position as a supplier of rare earths for leverage in the trade war between the United States and China.
“Based on what I know, China is seriously considering restricting rare earth exports to the U.S. China may also take other countermeasures in the future,” Hu Xijin wrote on his Twitter account.
A senior official from China’s state planner, the National Development and Reform Commission, said China will give priority to domestic demand but is also willing to meet reasonable demand from other countries for rare-earth resources.
Chinese President Xi Jinping visited a rare-earth company in southern China last week, according to state media reports. The price of shares in rare-earth producers gained amid speculation Xi’s visit indicated China was considering using rare earths as a weapon in the trade war.
Democrats have become the anti-worker party.
Their policies continually put America in danger.
Never forget who Democrats support. It’s not the American worker.