Yep, time to bring ALL important manufacturing back home.
Bring back everything we can, and if we can’t, let allies do it.
How right he is.
Eschewing the obvious “I Just Want to Celebrate” jokes.
Already on it in my old home town.
Precious rare earths, important in the production of microchips, electronics and electric motors were almost exclusively sourced in China. In recent years, several nations have picked up production again while new players entered the market, diversifying it to some degree.
Yet, China was still responsible for almost two thirds of global production in 2019, according to the U.S. Geological Survey. But as many countries are wary of depending on China, especially when it comes to technology products, countries with rare earth deposits are likely to exploit them further. The U.S., however, is still shipping its rare earths to China for processing, but a first processing plant on American soil is in the planning stages with funding help from the U.S. army.
China also has the largest known deposits of rare earths, but Brazil, Vietnam and Russia also have a lot of (largely) untapped potential in the sector. The United States and Australia ramped up production of rare earths after 2010 and most recently, Myanmar has been mining a considerable amount. The U.S. had in the past mined and produced rare earths for military uses and we re-entered the market as rare earths were getting more important as a part of the implementation of crucial technologies.
Finally. Praise eodymium!
That was actually a reasonable reason to offer to buy Greenland - they have one of the few well-developed rare earth mining sites outside of China or Chinese control (see Afghanistan).
Politicians look for things to champion, to put their name/brand on it and ride it hard, getting their name out there and essentially advertising for themselves with these topics.
Often, politicians jump on complete piles of shit, i.e. global warming, dead beat dads, texting and driving, no child left behind... Junk that gets people emotionally charged and where you can offer some solution which everyone with 2 brain cells knows will do absolutely nothing to fix the issue.
***Hats off to Cruz, this is actually something of strategic national security / economic and sovereignty significance.
I do not know how much traction this will get him, because you can’t get some crying or screaming woman on TV where the news stuffs a mic under her mouth and then you can stand next to her offering a make belief solution, but this is actually a “real” and an “important” topic. Cool that he goes for something like this and not just some pop culture junk theme where bumper stickers drive the narrative.
Reliance for noodles and chopsticks on China is a great risk.
This is a great move as long as it’s not going to be used as an excuse to import a bunch of cheap foreign labor for that industry.
Trump should buy Greenland now.
So won't happen........
ABSOLUTELY Sen. Cruz!!!!!!!!!!
SPOT ON!!!
Completely correct. Been watching this issue unfold for years.