The battle for Rare Earths: How much power does China hold over the West? | To The Point
They’re called the “cocaine of the high-tech industry” – more valuable than gold or real estate, experts say , when referring to the 17 rare earth elements. At first glance, they’re just unremarkable bits of metal, but they’re so highly sought after that a silent war is already underway. China holds a near-monopoly on the mining and refining of these metals. Extracting rare earths is extremely dirty. Yet they’re found in nearly all high-tech products, from smartphones to electric cars. This gives China enormous market power – which it has used strategically, most recently in its trade conflict with the U.S. Why have so many industrialized nations made themselves so vulnerable? And what can they do in response – especially now, as China’s foreign minister tours Europe? Our question today: “The Battle for Rare Earths: How Much power does China hold Over the West?”Our guests:
Felix Lee, from German broadsheet Süpddeutsche Zeitung – former China correspondent and economic journalist
Tim Borgschulte, CFO of Noble BC GmbH, a company trading in rare earths
Mareike Ohlberg, China expert at the German Marshall Fund
Chapters:
00:00 China decides how much rare earths it puts on the market
02:40 Security issue: 90 percent of all raw earths are coming from China
04:35 China is pricing out other countries
06:50 China is using rare earth in the trade war with the US
07:50 How long will stocks last?
09:00 Video: What exactly are rare earths?
10:50 China could use monopoly on rare earths in war scenarios
12:05 China used rare earths as “super weapon” in negotiations with US
14:40 China is using rare earths supplies as a geopolitical weapon
16:30 Video: alternatives to rare earths
18:20 EU must regain skills of mining and refining rare earths
21:20 How can Europe invest in rare earths mining and production?
22:50 Recycling of rare earths is possible, but complicated
23:30 EU needs better industry policies; states have to take risks
#RareEarth #China #ToThePoint
For more news go to: http://www.dw.com/en/
Follow DW on social media:
►Instagram: https://www.instagram.com/dwnews
►TikTok: https://www.tiktok.com/@dwnews
►Facebook: https://www.facebook.com/deutschewellenews/
►Twitter: https://twitter.com/dwnews
Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch
Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1 Receive SMS online on sms24.me
TubeReader video aggregator is a website that collects and organizes online videos from the YouTube source. Video aggregation is done for different purposes, and TubeReader take different approaches to achieve their purpose.
Our try to collect videos of high quality or interest for visitors to view; the collection may be made by editors or may be based on community votes.
Another method is to base the collection on those videos most viewed, either at the aggregator site or at various popular video hosting sites.
TubeReader site exists to allow users to collect their own sets of videos, for personal use as well as for browsing and viewing by others; TubeReader can develop online communities around video sharing.
Our site allow users to create a personalized video playlist, for personal use as well as for browsing and viewing by others.
@YouTubeReaderBot allows you to subscribe to Youtube channels.
By using @YouTubeReaderBot Bot you agree with YouTube Terms of Service.
Use the @YouTubeReaderBot telegram bot to be the first to be notified when new videos are released on your favorite channels.
Look for new videos or channels and share them with your friends.
You can start using our bot from this video, subscribe now to The battle for Rare Earths: How much power does China hold over the West? | To The Point
What is YouTube?
YouTube is a free video sharing website that makes it easy to watch online videos. You can even create and upload your own videos to share with others. Originally created in 2005, YouTube is now one of the most popular sites on the Web, with visitors watching around 6 billion hours of video every month.
