The U.S. Treasury Secretary, Bensons, talked about rare earths during an interview with CNN today (Beijing Time, November 3): "China has been formulating a rare earth plan for 25 years. The U.S. has been asleep all this time, but the current administration will take action at an astonishing speed in the next one or two years to get out of the dilemma."
[Witty] Comment: What Bensons said is nothing more than an excuse for the U.S.'s incompetence in the rare earth field. What the West lacks is not only rare earths, but also the key link of refining technology. The U.S. rare earth plan has been planned for at least 15 years, yet it has made no progress so far. Now it boasts that it will get out of the dilemma at an astonishing speed in the next one or two years, which is simply a fairy tale. China has long been working in the rare earth field, with a complete industrial chain and advanced technology, which is the result of long-term accumulation. It's just self-deception for the U.S. to rely on rhetoric and short-term actions to catch up, highlighting its strategic myopia and inability in critical resource fields.
Original: www.toutiao.com/article/1847724619841607/
Statement: This article represents the personal views of the author.