China plans to ban exports of rare earth magnet tech
japannews.yomiuri.co.jp
China plans to ban exports of rare earth magnet tech
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Re: China plans to ban exports of rare earth magnet tech
#2"China is estimated to hold an about 84% share of the global market in neodymium magnets and an over 90% interest in samarium cobalt magnets. Japan, meanwhile, has about 15% of the neodymium magnet market and a less-than-10% share of that for samarium cobalt.
If China bans the export of such technologies, it would be difficult for the United States and Europe, which do not traditionally manufacture rare earth magnets, to newly enter the market, thus making those countries totally dependent on China, according to a European source.
Beijing has been investing in facilities to manufacture magnets at low cost through large-scale production, which could lead to Japan losing its market share in the future.
The draft revision says the export ban and restrictions are aimed at protecting “national security” and are in the “public interest of society.” Chinese President Xi Jinping’s administration has positioned magnets as a key factor in China’s economic growth and security."
This is not normal decoupling, we're in a full on economic war.
Re: China plans to ban exports of rare earth magnet tech
#3"China is estimated to hold an about 84% share of the global market in neodymium magnets and an over 90% interest in samarium cobalt magnets. Japan, meanwhile, has about 15% of the neodymium magnet market and a less-than-10% share of that for samarium cobalt. If China bans the export of such technologies, it would be difficult for the United States and Europe, which do not traditionally manufacture rare earth magnets…
We've been in Cold War 2 for a while. It's hard to see the other two options as better alternatives. (hot war & capitulation)
The West learned a lot during the first cold war and will outlast. Authoritarianism has a problem with corruption and not telling the leader the truth of reality.
Re: China plans to ban exports of rare earth magnet tech
#4"China is estimated to hold an about 84% share of the global market in neodymium magnets and an over 90% interest in samarium cobalt magnets. Japan, meanwhile, has about 15% of the neodymium magnet market and a less-than-10% share of that for samarium cobalt. If China bans the export of such technologies, it would be difficult for the United States and Europe, which do not traditionally manufacture rare earth magnets…
We've been in Cold War 2 for a while. It's hard to see the other two options as better alternatives. (hot war & capitulation) The West learned a lot during the first cold war and will outlast. Authoritarianism has a problem with corruption and not telling the leader the truth of reality.
Time will tell. We live interesting times.
Re: China plans to ban exports of rare earth magnet tech
#5is this an attempt to suppress the innovation rate of other countries?
Re: China plans to ban exports of rare earth magnet tech
#6"China is estimated to hold an about 84% share of the global market in neodymium magnets and an over 90% interest in samarium cobalt magnets. Japan, meanwhile, has about 15% of the neodymium magnet market and a less-than-10% share of that for samarium cobalt. If China bans the export of such technologies, it would be difficult for the United States and Europe, which do not traditionally manufacture rare earth magnets…
We've been in Cold War 2 for a while. It's hard to see the other two options as better alternatives. (hot war & capitulation) The West learned a lot during the first cold war and will outlast. Authoritarianism has a problem with corruption and not telling the leader the truth of reality.
Sadly, the West is looking more and more authoritarian though.
Re: China plans to ban exports of rare earth magnet tech
#7I read "Rare Earths" are nor really rare. But the article did say extracting these elements cheaply causes a lot of environmental damage, which as we know, China is perfectly fine with.
I also read the US is close to opening a "mining" site for Rear Earths, but not sure where or for what elements.
Re: China plans to ban exports of rare earth magnet tech
#8"China is estimated to hold an about 84% share of the global market in neodymium magnets and an over 90% interest in samarium cobalt magnets. Japan, meanwhile, has about 15% of the neodymium magnet market and a less-than-10% share of that for samarium cobalt. If China bans the export of such technologies, it would be difficult for the United States and Europe, which do not traditionally manufacture rare earth magnets…
Didn't we just learn how to make magnets in a novel way without rare earth? Yes, yes we did: https://hackaday.com/2022/09/01/iron-nitrides-powerful-magne...
Re: China plans to ban exports of rare earth magnet tech
#9is this an attempt to suppress the innovation rate of other countries?
It’s likely them firing back due to US tightening chip exports.
Re: China plans to ban exports of rare earth magnet tech
#10Earlier quoted context omitted.
We've been in Cold War 2 for a while. It's hard to see the other two options as better alternatives. (hot war & capitulation) The West learned a lot during the first cold war and will outlast. Authoritarianism has a problem with corruption and not telling the leader the truth of reality.
Sadly, the West is looking more and more authoritarian though.
Unfortunately so, but by comparison to China it has a very long way to go.