BOMBSHELL! China Secures $12 Billion Rare Earth Ore in Africa | USA & Japanese Plans Totally Broken
#china #chinanews #africa #Japan #usa
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In today’s modern industrial system, the application of rare earths in various fields plays an irreplaceable key role. Today, rare earths have become scarce resources that countries compete for. However, the supply of rare earth elements is limited and concentrated in the hands of a few countries.
According to data released by the US Geological Survey in 2022, the world’s proven reserves of rare earth resources are about 120 million tons. Among them, China monopolizes about 36% of the world’s total rare earth resources and controls more than 90% of the rare earth supply. Once China’s rare earth supply decreases, it will pose a serious threat to other developed countries.
In response to China’s rare earth strategy, many countries began to look for new ways of rare earth cooperation. For example, the United States and Japan have set their sights on Africa, trying to find new opportunities for the development of rare earth resources on this continent.
However, what is surprising is that China successfully squeezed out Japan and the United States and won a rare earth mining project worth up to 12 billion US dollars in Africa, which made the investment plans of the United States and Japan suffer a complete failure. So, what exactly happened?
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