WA1 0.53% $17.16 wa1 resources ltd

WA1 Share Price, page-1354

  1. 3,408 Posts.
    lightbulb Created with Sketch. 336
    https://www.jdsupra.com/legalnews/the-uyghur-forced-labor-prevention-act-6961873/

    If there's not already a severe shortage there could be soon! Critical minerals and products such as EV batteries could be at risk of detention potentially by the US...

    "Critical minerals – including aluminum, cobalt, graphite, iridium, lithium, magnesium, nickel, niobium, platinum, tin, titanium, tungsten and zinc4 – are those identified as being "essential to [US] economic or national security and vulnerable to disruption."5 Among other uses, critical minerals are essential components of many clean energy technologies, from electric vehicle ("EV") batteries to wind turbines and electricity networks, and thus in high and growing demand.6 Critical mineral production and processing is highly concentrated in a small number of countries, including countries with significant perceived political risk. China is the top processor of most critical minerals relevant to the energy transition, and also leads production of key intermediary products such as battery cells, polysilicon and wind turbine components.7 Although China does not dominate upstream operations for all critical minerals (but rather mid- and downstream operations), it bears noting that at least 120 different types of mineral deposits are found in XUAR, including critical minerals such as beryllium, and XUAR-based companies are involved in processing activities. Certain minerals are processed for export in XUAR, and others are sold into intra-China supply chains (for example, to large Chinese battery makers).Therefore, any imports from China containing these materials are at risk of detention under UFLPA. This is especially true given recent reporting suggesting that critical minerals in XUAR may be produced and/or processed using forced labor.8 Citing such reports, on September 29, 2022, US lawmakers Michael T. McCaul and August Pfluger sent a letter to the CBP Commissioner, seeking information on how CBP would screen imports of critical minerals from China under the UFLPA.9... "

 
watchlist Created with Sketch. Add WA1 (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.