This effectively makes all minerals the state’s property and prevents commerce with other nations who specialize in heavy machinery or electronics including: USA, UK, EU, SK, and Japan.
Previously, Beijing already started enforcing a ban on exports of REE and related technology exports.
The new regulations include a strict database on REEs outlining when and where they were extracted all the way to where they’re exported. The laws stipulate that “no organization or person may encroach on or destroy rare-earth resources.”
A bit off topic about who is supposed to handle it, but tbh I don’t expect trade relations can get any worse with China even as a result of them banning exports of these. Certainly isn’t going to get better.
And just to remind people. “Rare Earth” materials aren’t actually rare. They’re common. However, they are distributed in very very low concentrations, so you have to go throw mountains worth of material to extract measurable amounts of Rare Earth materials. This is typically energy intensive and ecologically destructive, which in most of the work equals “expensive” which is why the nations of the world have been happy to shut down their own Rare Earth extractions facilities any paying China to destroy its ecology instead.
China is free to set up its restrictions on exports. Other nations are free to restart their own extraction operations (with the costs that come with it).
Sales aren’t everything. China has ~44M Metric Tons of REE reserves, Vietnam 22M, Russia 21M, Brazil 21M, India 6.9M, Australia 4.2M, USA 2.4M, Greenland 1.5M.
However, specific metals out of the 17 have wildly different graphs, such as Palladium commonly used in military armored plating being produced mostly in Russia and South Africa. USA produces many times over as much Palladium as China reports.
If China’s domestic use concerns are actually for military use then that’s troublesome because the metals they have are more useful for automation and electronics than anything else.
Sure, but forcing an entire country to go through physical handling of each and every request is crazy. I really don’t understand how they managed for so long.
No, unfortunately. 🙂 They’re not talking about secure paths inside the office, they’re taking about having all their processes using the floppy disks. They have a common format which is proprietary and can only be made with a proprietary PC program and can only be submitted on floppy disks.
What is best for China is peaceful coexistence and small concessions to incentivize trade and development of the world.
What China is doing is maliciously taking everything they can get their hands on until every bridge is burned, and by the looks of it they’re ramping up military production to cross the river and keep taking.
Exactly the sort of shortsighted belligerent actions you would expect from a dictatorship.
LMAO, China has been playing games with currency values and undercutting electronics manufacturers for decades.
FYI we don’t do this btw
In 1979, President Carter proposed a Trade Agreement that changed China to favored trader status with much lower tariffs across the board, and in return China agreed to a cap on textile output so as not to flood the market with cheaper goods than the USA was producing.
The 1980s saw even more favorable deals in exchange for similar restrictions as Reagan was eager to work with China.
Trade broke down in the 1990s over China committing crimes against their own people, broadcasted live across the entire world.
In 2000 President Clinton helped China enter the WTO to renew trade again.
And in return they spent the last 24 years shitting the bed, doing everything in their power to mess with any market they can, like sharks drawn to blood.
From my perspective it looks like US "spent the last 24 years shitting the bed" while enabling this behavior. Again, people who made these decisions are not held accountable.
Fuck china and all but poor leadership is primary reason why we are here... with china being a bad faith actor being no 2.
I don’t think she has as good a chance as he does. Biden’s policy has always been on the moderate side of the democratic spectrum, whereas Harris’s has trended true-left or even far-left. Biden will pull more moderates and centrists, the key group in this election (MAGA folks are already decided and anyone who’s even vaguely left is too).
If you listen to the Biden press conferences, it is like listening to a preacher try to gaslight you that an imaginary being will come down out of the sky. It’s like… “Biden has accomplished more than any President in the last 100 years, you know he has, we all know he has. Just as I said, and you’ve all seen for yourself. It’s true and you can’t deny it.”
Says an analysis done by me in 15 minutes on a train ride. I should have looked at polling data - despite Harris being further left, Biden is old as dirt. Apparently in ABC and Pew polls she beats him. Should have researched that one better.
I have yet to meet someone who is analytically deficient enough to think Harris is far left, who’s not also racist enough to think that she’s definitionally far-left due to her skin color.
Calling me a racist is harsh and uncalled for. She is indeed, compared to most US politicians, far left. Not talking about global scale. Attached is data from nonpartisan and nonprofit GovTrack regarding her time as a senator. www.govtrack.us/congress/members/…/2019
Fought to uphold wrongful convictions from her office, in one case, she witheld information about a police lab tech who was fabricating evidence (and a judge admonished her for it). She refused DNA testing to prove the innocence of a man on death row. Defended Johnny Baca’s conviction for murder even though judges found a prosecutor presented false testimony at the trial, to which she relented only after a video of the oral argument received national attention and embarrassed her office. She hid evidence of exculpaltory evidence of a man who was convicted solely by one witness (he is still serving a 70 year prison sentence). When evidence pointed towards a black defendant being framed by police, Harris avoided DNA testing to keep him on death row.
Not the little cassette tapes, but tape storage tends to be used in big companies for backup long-term storage, and it doesn’t seem currently like it’s going anywhere.
The successor to tape seams likely to be internally engraved pieces of glass. Could be commercialised in a few years. But at least for the next decade, there will be a market for tape.
It’s insane how much write-only documentation is produced by big companies. Usually there is some kind of regulatory reason - like some documents have to be preserved for 40 years. Luckily it’s not mandatory to keep paper archives any more (if you live in a sane jurisdiction of course) .
Biden didn’t have a bad debate. He and his team showed America that he’s had a significant decline in mental capacity and instead gaslit the public and media about it.
Seriously. Can NYT Op-Ed run 100% “Trump should drop out” articles every time he does something far more disqualifying? They’ll never run another opinion again.
You’re being willfully obtuse. It wasn’t a bad debate, it was 90 minutes of confirmation that Biden was unfit for office. It was a 90 minute confirmation of what had been dubbed “right-wing propaganda” until that very moment.
It was likewise 90 minutes of confirmation that Trump is unfair for office: a non-stop steam of rambling nonsense and lies. A vote for Biden is a vote for a capable administration to do the actual work while grandpa sunsets. A vote for Trump is a vote for an administration of lackeys and con-man champing at the bit to turn the loot the country and turn it into a Christo-fascist kleptocracy.
If you think a Commander in Chief who is definitely going to betray the country for personal gain is an acceptance alternative to one who might make a mistake because he’s old, you deserve the hellscape you’ll get. The rest of us don’t though.
We know that already, though, about Trump. We have known for years, and people either will or will not vote for Trump - their mind is already made up on kt. The Biden debate performance is a big deal because now we know Biden is not fit for the Presidency any more either, not because he did a bad job at it but simply because he is too old to go on. So now we need to talk about it and process it.
And an old sleepy man with a competent administration is still preferable to an old corrupt man with a Christo-fascist administration. It’s a sucky choice, but an extremely easy one.
Oh absolutely agreed, but the more discouraged apathetic voters, the more likely the Christo-fascists win. I have no interest in exacerbating that right now.
Biden dropping out could actually lead to Trump’s, defeat is the right person is chosen. If he dies of old age before the election, however, then we may see a landslide defeat.
That said, Trump is just as likely to die of old age at this point, if not moreso due to his propensity to indulge in hamburders and rage-fueled rants.
I guess stay I’m saying is fuck all of this. I’ve never felt less patriotic on the fourth of July than this year… What a fucking shitshow.
Edit: But hey, maybe Biden is right. Stubbornness and self-aggrandizing behavior worked out great for RBG, right?
It’s because Democrats don’t worship Biden as some Jesus reborn patriot whereas Republicans worship a literally prideful, envious, slothly, wrathful, greedy, gluttonous, and lustful old man as some Jesus reborn candidate.
And how much of that goes to the country’s budget, let alone to the citizens, and how much gets stuffed into offshore accounts and real estate in western countries?
The west solved that problem by effectively doing capital controls for Russia. Now that Russia has been decoupled from SWIFT, moving money out is pretty hard.
From what I understand, Russian companies that are doing business with Europe and USA (such as aforementioned oil corporations) do so via direct exchange at a stock market, no swift required. Likewise, offshoring can be done via cash, precious metals, stocks or other methods
There are always ways to try and get money out of a country, but the west made it as difficult as possible to do so. And the result has been that money is indeed staying in Russia which resulted in a big increase in business activity as IMF now openly admits.
Surprising as new hardware hasn’t had a floppy disk drive for years and old equipment is probably running a non supported operating system which is totally vulnerable.
You might be surprised (or not) by the amount of fax machines still being used in germany. It’s not quite the same but also an ancient technology that just refuses to die here. As IT guy it drives me crazy.
When it comes to faxes, doctors and lawyers seem to be the main supporters in Australia. They have secure messaging available but cling to the insecure and antiquated fax. I’ve integrated fax into medical practice management apps and they thought it was such a step forward (after a while).
reuters.com
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