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this post was submitted on 20 Jul 2023
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Seems silly. China is doing almost all the refining but they don't have a monopoly of the extraction of the originating mineral. There's a lot of it in Australia, and the US could pivot to doing its own refinement at any time.
The thing is that it's going to take a significant amount of time to create refining facilities, train workers, and so on. During that time, Chinese companies will have a huge market advantage over western ones.