tirsdag 27. juli 2021

Noam Chomsky Warns China Is Gaining a 'Near Monopoly' Over Rare Earth Metals

Noam Chomsky believes China could be amassing most of the world’s rare earth materials and could pressure other countries with a near monopoly. “If China gains a near-monopoly over rare earths, they will be in a powerful position to influence choices and policies of other states, if they choose to,” the foreign policy historian told Entrepreneur. “From China’s point of view, it certainly makes sense to try to gain as much control as they can of rare strategic minerals, enhancing their near monopoly over rare earths.”

Rare earth metals are used to build advanced military weapons like fighter jets and laser parts. China currently accounts for 80% of rare earth imports, according to the U.S. Geological survey.