Taiwan imports 3,000 tonnes of rare earths yearly, playing no role in the global rare earth industry chain. Some Taiwanese businesses last year established the Taiwan Rare Earths and Rare Resources Industry Alliance to build a domestic rare earth industry supply chain.
This shows that local companies are alert to the need for a secure supply of critical resources.
As the trade dispute escalates, the government should think ahead, and work with industry and academia to evaluate critical resource supply risks and draw up an appropriate strategy for recycling and stockpiling such resources.
The larger is issue is not quantity, but quality of their use of RE. 6,000,000 lbs, is still a reasonable amount
For an analysis of QUALITY vs. QUANTITY, please read any of RidingRicho pompous essays on this board for an "in the moment look" at the difference between the two.
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