Trade Wars, page-197

This is a strange world. When Iran is threatened with sanctions, because Iran is one of the world's major oil producers, then oil price becomes higher as people are worried about supply. This is despite Iran pumping only 3% of total oil consumption in the world in 2017, and in 2018 roughly 3-4% of oil consumption.

Now we look at rare earths. USA is threatening tariffs against China and China is threatening sanctions against USA. And the rare earth pricing reaction is muted. No action at all, total silence and calm waters I see. This is despite China is responsible for ~80% of world's rare earth production. No one is worried that suddenly China is going to restrict/reduce export of rare earths to USA and its allies? No one is hedging their bets? Really? Everyone thinks that China can be bullied into submission by USA?

Oh well, Fidelity and Challenger big funds are hedging their bets already. Come on, when's the 3rd fundie coming onboard as substantial shareholder? It's not crowded yet. Come, join in the fun! You are not too late to the party yet.