BEIJING :China, the world's top processor of rare earths, banned the export of technology to extract and separate the critical materials on Thursday, the country's latest step to protect its dominance over several strategic metals.Rare earths are a group of 17 metals used to make magnets that turn power into
      • lorez@lemm.ee
        715·
        11 months ago

        Yeah stop using them to manufacture goods sold in the West, see how well they fare…

        • arin@lemmy.worldEnglish
          142·
          11 months ago

          Uhh then they have more resources? And we have less affordable goods.

          • AlijahTheMediocre@lemmy.world
            127·
            11 months ago

            The modern Chinese economy is very dependent on trade with the West and other East Asian nations that are generally more favorable of the west.

            Those resources aren’t shit if they can’t make them into shit others will buy.

          • nova_ad_vitum@lemmy.ca
            42·
            11 months ago

            Yes congrats on proving that economics really is a zero-sum game and every econ professor has been wrong this whole time.