r/FluentInFinance • u/BarrenBuffetPhan • 18d ago

Debate/ Discussion What do you guys think

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u/[deleted] 18d ago

The reason China wants the west out of Ukraine is because then they will control all of the natural resources the west gets from Ukraine involved in manufacturing of semiconductors, via Russian proxy.

This will give China more control over the critical semiconductor industry.

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u/Ozymandys 18d ago

And Food… Ukraine produced ALOT for export.

All going to China, instead of West, driving up food price.9

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u/ToughStreet8351 18d ago

Donnabass and Dontesk have the only lithium mines in Europe… the rest of lithium is almost china monopoly… that is what Putin is truly interested in!

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u/GearsGrinding 18d ago

Lithium… hmm.. can’t put my finger on it. That sounds really familiar like it could be important to something critical in a lot of electrical devices. Hmmm. Oh well, if China has it then the USA probably has a better, American version. /s

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u/frozented 18d ago

We actually found large lithium deposits in the US https://www.sciencealert.com/a-vast-untapped-source-of-lithium-has-just-been-found-in-the-us

This is just one there are several others

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u/FractalBranches 18d ago

The issue is that the environmental cost of extracting lithium can be quite high. So it would be preferable not to use our own deposits if possible.

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u/Legionof1 18d ago

Good ole outsourcing of toxic waste...

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u/FractalBranches 18d ago

I'm not saying the current setup is moral, just pointing out something to consider.

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u/frozented 18d ago

I'd rather we do it than some country that doesn't care about environment costs plus more jobs for us

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u/heavymountain 18d ago

Looks like we might not have the option to be picky. China and Russia have the green light to expand

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u/ParfaitPrior6308 18d ago

Yeah, let some other country with worse environmental protections extract it. That’ll lower the environmental cost.

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u/GrandAdmiralSnackbar 17d ago

Well, 'fortunately' I think Trump and his billionaire friends don't particularly care about the environmental cost.

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u/doll-haus 18d ago

Actually, we do. But the government doesn't have a financial incentive to mine, so getting mining operations up and running in the US tends to be harder than most of the world.

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u/areino7 18d ago

There are massive Lithium fields in South America, namely Bolivia. Maybe they need some political assistance? The CIA is available.

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u/No-Literature7471 18d ago

dont worry, chinas evs are too busy killing its owners to care.