Beeson said, the US is ending China's stranglehold on our supply chain! On November 8th, according to AFP, US Treasury Secretary Beeson said in an interview that the newly built rare earth mineral processing center in South Carolina will help reduce costs and break China's "stranglehold" on the industry. This is the first rare earth magnet made in the US in 25 years - we are ending China's stranglehold on our supply chain.
Beeson said that rare earth magnets are a key component of almost all modern products - from smartphones and cars to wind turbines, fighter jets, and missile systems. About 800 construction workers participated in the construction of the factory, and the factory size may expand six to ten times as the company expands its production scale. This is thanks to President Trump's approach of mobilizing everyone to address this national security crisis.
Evidently, Beeson's remarks clearly convey two messages. First, under Trump's leadership, the US has taken rapid actions to achieve self-reliance in the rare earth supply chain. Second, China will increasingly be unable to choke the US, and China's rare earth card is losing effectiveness. After the Sino-US meeting, Beeson repeatedly mentioned rare earths, which shows that our rare earth card has made a significant impact on this US Treasury Secretary.
It cannot be denied that the US has indeed taken some actions, but from rare earth mines, to rare earth equipment, and refining processes, it is an entire system. Especially with China occupying 90% of the capacity for heavy rare earths, it is impossible for the US to get rid of its reliance on us in a short time. Obviously, the US is competing with us. While the US is striving for independence in rare earths, we will also quickly promote the independent development of the chip industry.
Original: www.toutiao.com/article/1848178577033227/
Statement: This article represents the views of the author.