The chart showing China's share of global refining capacity for key minerals provided by the International Energy Agency.
1. Gallium - 99%
2. Graphite - 95%
3. Manganese - 95%
4. Rare Earths - 92%
5. Cobalt - 77%
6. Phosphorus - 73%
7. Lithium - 70%
8. Titanium - 69%
9. Copper - 44%
10. Nickel - 34%
This does not include the key mineral refining capabilities of Chinese companies overseas, and if included, the refining capacity share of copper and nickel would also reach or exceed 70%.
Now the US and Japan are trying to do it themselves, but they have no technology, no talent, no experience, and no cost advantage. What's the point of trying to replace China?
Original article: toutiao.com/article/1856433483055116/
Disclaimer: This article represents the views of the author.