alt Hacker News> Is it just uneconomic to extract it in other countries?
Yes mostly. The West outsourced this market due to heavy environmental and financial costs of extracting it. It’s sort of the same story as for a lot of the rare earth elements.
> Is it just uneconomic to extract it in other countries?
Yes mostly. The West outsourced this market due to heavy environmental and financial costs of extracting it. It’s sort of the same story as for a lot of the rare earth elements.
If it was marginally economic for a time while the price was 1/10th of the current price, it must be economic now. This appears to be yet another case of China undercutting, creating a monopoly, and then jacking the prices up.