🎇sparkles✨@lemy.lol to World News@quokk.au · 2 months agoAmerica has a tungsten problemwww.noleary.comexternal-linkmessage-square14fedilinkarrow-up132file-text
arrow-up132external-linkAmerica has a tungsten problemwww.noleary.com🎇sparkles✨@lemy.lol to World News@quokk.au · 2 months agomessage-square14fedilinkfile-text
Why does China produce >80% of the world’s tungsten? Why has there been zero domestic tungsten mining in the United States?
minus-squareAlcoholicorn@mander.xyzlinkfedilinkarrow-up4·2 months agoAustralia trades more with China than America. Do you want to sacrifice your economy for America?
minus-square🎇sparkles✨@lemy.lolOPlinkfedilinkarrow-up4·edit-22 months agoAmerica will surely pay more than China for Australian tungsten to rid itself from the >80% over-reliance.
minus-squareAlcoholicorn@mander.xyzlinkfedilinkarrow-up5·edit-22 months agoCorrect, but then China could stop trading other things in the event of increased hostility with the US, same way the US does. Unless you intend to decouple and become reliant on the US instead, China has more leverage on your economy.
minus-square🎇sparkles✨@lemy.lolOPlinkfedilinkarrow-up4·2 months agoThis is why diversification is key.
Australia trades more with China than America. Do you want to sacrifice your economy for America?
America will surely pay more than China for Australian tungsten to rid itself from the >80% over-reliance.
Correct, but then China could stop trading other things in the event of increased hostility with the US, same way the US does. Unless you intend to decouple and become reliant on the US instead, China has more leverage on your economy.
This is why diversification is key.