Long time no see HC, I've come across quite an interesting video regarding raw materials, particularly REEs for Europe. It's amazing how dependent the EU is on China. 98% of Europe supply comes from China.
for some fast facts, the EU have 3 main strategies to lower their dependency on China which are
Mining - through developing mines with the Euro zone, predominately through the European Raw Materials Alliance with the goal of producing 20% of Europe's demand for rare earth metal magnets. https://erma.eu/
Recycling - to ensure they are able to recycle lithium at the moment they recycle 0% of lithium and 1% of other REEs, it's all done offshore like how in Australia, we send all our car and truck tyres overseas to be recycled.
geopolitical strategies and partnerships - Global Gateway headed up with the G7 to build influence in Africa and south America(competing against the belt and road initiative)
The implication for EPM is simply when they are able to commercialise their Greenland tenements, they are going to have a very keen customer who has a large need to use many REE for their renewable focus manufacturing and infrastructure. EU want's to be able to trade in their sphere of influence which at the moment, is the north sea, Atlantic and Mediterranean.
EPM Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
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