> Are you saying “alas for citizens of the US who see things in competitive nationalist terms”?
He’s saying it as a realist.
China is building the equivalent to America’s sanctions power in their battery dominance. In an electrified economy, shutting off battery and rare earths access isn’t as acutely calamitous as an oil embargo, but it’s similarly shocking as sanctions and tariffs.
Yes and no - yes it’s dumb to give up and let china have a defacto monopoly on the future of energy production. But no insofar as sanctions on battery and solar don’t hit the same as oil and other things. Because once you have them, they keep producing for you.
The change in Chinese output between 2023 and 2024 was an additional 15,000 tons, going from 255,000 to 270,000 tons. The USA's own increased by 3400, from 41,600 to 45,000 tons.
I'm happy to assume Brazilian output will grow, especially if the USA invests a lot in it, but is it going to even be close to enough to make up for where China's already at? China was about 70% of the global output.
Honestly, I don't know. I just know this rare earths business, among other things, was somehow enough for Trump to drop the very deserved Magnitsky sanctions against a brazilian judge.
I hope it was worth it. I have to believe it was. Because otherwise he delegitimized the Magnitsky Act and fucked us in exchange for nothing.
He’s saying it as a realist.
China is building the equivalent to America’s sanctions power in their battery dominance. In an electrified economy, shutting off battery and rare earths access isn’t as acutely calamitous as an oil embargo, but it’s similarly shocking as sanctions and tariffs.