https://www.gatestoneinstitute.org/18615/biden-energy-crisis
The ongoing world energy crisis… seems to have proven for once and all that energy independence is a matter of national security.
To transition to renewable energy, America would have to transform its energy infrastructure and invest heavily in wind turbines, solar panels and electric cars, all of which require rare earth materials as central components. A single industrial-size wind turbine, for instance, requires about one ton of four different kinds of rare earth materials.
Guess who mines more than 70 % of the world’s rare earth materials, and holds at least 85% of the world’s capacity to process them into materials that manufacturers can use? China. Who produces more than 60% of the world’s solar panels, and 45% of the global supply of solar-grade polysilicon, the base material used in solar cells? China. Moreover, rare earths is not a market that outsiders can simply enter. According to the Danish Institute for International Studies: “China today has the expertise, IP rights and production facilities, as well as its own REE- [rare earth elements] consuming industries. China also manufactures a significant and growing share of goods containing REEs, making it practically impossible for competing companies outside China to get a foothold.”
The ongoing world energy crisis, which began in 2021 and has caused record price spikes for oil, natural gas and coal — in combination with Russia’s war on Ukraine — seems to have proven for once and all that energy independence is a matter of national security. Both Europe and the US have recently had to relearn this lesson — yet again — when Russian President Vladimir Putin cut gas supplies to a number of European countries after they refused to pay in Russian rubles — and before that, when the West was confronted with the need to sanction Russian oil and gas exports, while at the same time being dependent on them.