Australian Company Looks to Replace China as South Korea’s Main Supplier of Rare Earth Minerals
Getting rare earth minerals from Australia seems like a much more reliable alternative than China where they have demonstrated before they are willing to economically retaliate against South Korea to pressure them on issues:
Korea has been strengthening ties with Australia to produce rare earth elements and decrease its high dependence on China, as core minerals for high-tech industries are becoming increasingly important.
Korea Times
Although Korea is currently dependent on China for rare earth elements, Rowena Smith, CEO of Australia-based critical metals producer ASM, said the company has been strengthening relations in order to provide a stable supply of core minerals to Korean companies. (…….)
“In our experience, Australia’s and Korea’s business culture and shared values make us perfect partners to develop our business, using Australian natural resources and Korea’s access to skills and technology,” she added.
For years, ASM has been conducting the Dubbo project, which mines minerals such as rare earth elements from mines in Dubbo, New South Wales, Australia and processes them in Korea. Australia has the world’s sixth-largest deposit of rare earth elements of 3.27 million tons, after China, Vietnam, Brazil and Russia.
ASM said the Dubbo project serves as a sustainable and reliable source of core minerals such as rare earth elements, meeting the skyrocketing demand for these materials in the global market.
You can read more at the link.
Good. Any pivot away from China is welcome.
Excellent! Competition helps all customers!
Didn’t know Vietnam had a reserve of rare earth minerals and from the article Korea is looking to buy some of the Vietnamese rare earth minerals.
Sure they are a Communist regime which setnaffa love to criticize, but compared to the PRC they are more open to cooperating with the West and don’t harbor intentions to take over the entire Asia-Pacific region and the world.
Vietnam and China aren’t communists, or even socialists, any more than American Democrats, globalists, corporatists, or any of the assorted petty Eurotrash.
They are authoritarians, wannabe authoritarians, predators, opportunists, idealists, scolds, busybodies, and on down to useful idiots, clowns, and the feeble of mind.
Communism and socialism are just tools they use to achieve unrelated goals… primarily involving power and money.
There are only a handful of communists and socialists in history who abandoned capital. You don’t know their names.
The ones you do know seem to amass quite a bit of capital even without engaging in capitalism.
…looking at you, Bernie, standing in front of all the screwball Bernie Bros who hold up your signs as a signal of their ignorance on pretty much every realworld level.
Poe-tay-toe, Pah-tah-toe, et cetera.
While I agree that Communism and Socialism have always been a scam, I’m not so eager to let the bastards off the Persian Gallows quite so quickly.
Lenin, Stalin, Mao, Pol Pot, and countless other well-known and well-armed assclowns murdered around 200 Million fellow-travelers in the 20th Century.
I don’t care whether they followed, Marx, Engels, Zinn, or made it up on the fly. They called themselves Communists, Socialists, and variations on that theme as they gleefully gutted Kulaks, school teachers, and old people.
Yes, it was just a cynical power-grab. But they applied the labels we’re going to use.
And although the current crop are just as witty and fun-loving as their ideological forebears, they still attract useful idiots with those labels. So we need to allow them that while we prepare for yet another “Ceausescu Christmas Story”.
By the way, in both China and Vietnam, the State own all property, which can only be leased for 50 years. So the State owns all the means of production.
Might want to study your dialectical materialism handouts a bit better.
And don’t criticize the government while you’re over there. You don’t want to end up like Warmbier.
I am a big fan of throwing communists out of helicopters… I just feel the demand outstrips the supply…
…so what I really mean is throwing people who identify as communist out of helicopters…
…because identifying as communist means you actually believe in that crazy shìt and are dangerous…
…or you belive I should believe in that crazy ahìt and are more dangerous because it means you are smart enough to know it isn’t for you.
For anybody with an IQ on the right side of rhe Bell curve, Communism is a tool and not a belief.
CH, we can always build more helicopters… 😉
And the French used to have a little jingle that went “Aristo! Aristo! A la lanterne!”
Different labels; but same sense of entitlement between the “nobles” and the “commissars”…
And even if we run out of helicopters, we’ll always have enough lamp posts.
For use only after a fair trial, of course…
Asone person commented, “Infinitely better than kpop” (but this was kpop a few year s back…)
https://www.youtube.com/watch?v=sfrMAACewA8