dude, I said that they clamped down on exports to force the prices to go up. what part of that was not holding the world hostage? and what part of that has anything to do with any proof that India exporting more than they need to? where is the beef in the claim that India is making a bad call on this? The world is ticked off at the illegal price control of the Chinese and would come to India as much as India will export those tonnage to them. The Chinese are playing you for fool to make sure they continue to own the market and price control and you are falling for it.
Chinese controlled 95% of the market share but not 95% of resources, due to the fact they were selling it dirt cheap.
I f push comes to shove other sources can be utilized its not that big a deal, US is already reopening its closed down mines and so is australia, the shortage is going to be short lived.
Honestly what is wrong with demanding fair price for the resource they own?
World can be ticked off for all I care, why should that stop Indian govt from doing whats right for India.
Honestly, world should have been more concerned when China drove the prices down, that was predatory pricing and forced other mines to close down. But nobody gave a **** cause they were getting the ore for cheap.
Again, just plain logical business sense buddy.
- here are the assumptions you made:
India has only X amount of rare earth ( what is that X amount?)
Please point out where that assumption you
assume I made.
- India is exporting more than to cover their needs
India does not need it because it lags in semi-conductor expertise, my contention was that India should develop its own value-added manufacturing to create more jobs/business/profits rather than just ship out raw material. What do we owe Japan to let them make profits we can make for ourselves?
- Chinese said so so that maybe right
I don't know what your beef with Chinese is, but they are right on this part, why not demand more prices if they can, its business afterall.
where are these assumptions coming from? because Chinese posters on PDF said it? you are going to demand / call it foul on India because they said so on PDF?
I did not reference any Chinese poster, again whats your beef with Chinese, if I say the same as they do thats on the merit of the argument and not some China worship as you wrongly assume.