The Chinese Communist Party put out a statement that makes clear any and all natural resources, including rare earth metals, are CCP properties and that beginning Oct. 1, the state will track, surveil and record into a database all extraction, all imports and all usage of these resources. Happy Independence Day, America.
Visitors pass by flags at the Museum of the Communist Party of China in Beijing, on Wednesday, Oct. 12, 2022. ** FILE **clear any and all natural resources, including rare earth metals, are CCP properties and that beginning Oct. 1, the state will track, surveil and record into a database all extraction, all imports and all usage of these resources.Nothing says God Bless America like a good old-fashioned giveaway of sovereignty, independence and liberty to the likes of communists in China.
If America under the present Biden administration weren’t so dead set on developing green energy sources, while simultaneously clamping the ability of U.S. entities from mining and extracting on public lands, then perhaps the CCP’s explicit grab of all resources within China boundaries wouldn’t pose such a threat.
Currently, China is the top producer of rare earths in the world. The United States is second — but it’s not even a close contest. For every 740,000 metric tons from China, America produces 43,000. Next on the list: Myanmar, with 38,000 metric tons; Australia, with 18,000; Thailand, with 7,100; and then all the other countries — collectively, with 3,900., “produces around 60 percent of the world’s rare earth metals and is the origin of around 90 percent of refined rare earths on the market.
The CCP has already locked down exports of rare earth resources needed for computer chip production. Its latest announcement — specifically, that “no organization or person may encroach on or destroy rare-earth resources” without CCP’s explicit permission — serves only to enrich and empower the communists while threatening the world’s ability to access critical technologies and energy supplies.
The European Union has recognized the danger, and reacted accordingly. European Commission President Ursula von der Leyen in June of 2023a European Union “Just Transition Fund” project to fund a Canadian company, Neo Performance Materials, to build a rare earth refinery in Estonia.
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