tag:blogger.com,1999:blog-4912713243046142041.post4998810303940776379..comments2024-03-28T23:22:41.774-05:00Comments on TYWKIWDBI ("Tai-Wiki-Widbee"): "Daddy, what's a 'global steel war'?"Minnesotastanhttp://www.blogger.com/profile/01382888179579245181noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4912713243046142041.post-51569236434657053622016-04-27T15:01:34.993-05:002016-04-27T15:01:34.993-05:00The data on the rare earths is a bit dated. After...The data on the rare earths is a bit dated. After China did this in like 2009, prices skyrocketed. This was a boon to Chinese producers, in particular the onr facility that produced 70% of the rare earths in the world. However, lots of other countries and companies saw a market opportunity and reopened mines and facilities, and invested in new ones. Today, the world supply outside of China is about that of from China. Mining.com reported last year that 90% of China's rare earth producers were running at a loss -- http://www.mining.com/most-chinese-rare-earth-miners-running-at-a-loss-report/<br /><br />The export quotas were dropped over a year ago, to try to keep Chinese exports alive. <br /><br />http://www.mining-technology.com/features/featurethe-false-monopoly-china-and-the-rare-earths-trade-4646712/<br /><br />But now, we're going into another cycle of reconsolidation -- with the dropping of prices, everyone in the world is struggling to compete with much lower prices and greater supply. But the world response to China's attempt to control the market is still there -- if they try to drive up the prices, other countries and companies roll back into the market, and drive the prices back down. <br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-66788219357520923382016-04-26T22:58:23.468-05:002016-04-26T22:58:23.468-05:00They also did this with rare-earth elements as wel...They also did this with rare-earth elements as well. Once the mines in other countries closed, China then instituted a policy that rare-earth elements could not be exported as raw materials. This forced that any items made with such materials had to be, at least partially, manufactured in China. They did this to corner a lot of electronics manufacturing as companies could not get the elements, even at a higher price, from elsewhere as the mines were closed.TheReaperDhttps://www.blogger.com/profile/07376490778078199724noreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-88407272172747517782016-04-26T20:41:59.526-05:002016-04-26T20:41:59.526-05:00Isn't the same thing that China did with the p...Isn't the same thing that China did with the plastics industry?<br /><br />I truly hate playing the "that's not fair" card. But that's what it comes down to, and I feel that China's economic tactics over the past 10-15 years have been unsavory.Amyhttp://at.comnoreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-69000687684463472122016-04-26T14:37:42.322-05:002016-04-26T14:37:42.322-05:00i want cheap steel so i can make tanks to store al...i want cheap steel so i can make tanks to store all of my cheap gas!<br /><br />I-)Anonymousnoreply@blogger.com