ASM australian strategic materials limited
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Need to read this, page-6

  1. maplelegion
    1,522 Posts.
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    12/08/23
    11:50
    Post #: 69303282
    Certainly a good read .
    In addition , another excellent read is another current article( 9th August ) on the USA RE llc website , which appeared overnight . ASM and USA RE llc of course have this binding 5 year Agreement.
    https://prosperousamerica.org/usa-rare-earth-works-to-address-severe-shortage-of-u-s-minerals/
    An edited part below :
    As best as I understand it , this Rare Earth Magnet Manufacturing Production Tax Credit Act was re-introduced into Congress in late April 2023 ...and whilst the passage of it from here is anyones' guess , its at a time when its a current hot topic , particulatly if the Dept of Defence and the Dept of Energy issue support of it .
    The Government Trade Relations between Australia / South Korea/ USa and Japan will play an on going part of this .
    Wheels continue to turn in the right direction ..just need to drop down into a higher gear !!
    Edit

    Schneberger says the U.S. needs to pursue three separate policy initiatives to increase self-sufficiency in vital inputs. First, companies need to invest in mining and processing here in the U.S. Second, companies, backed by the federal government, should establish partnerships with friendly nations like Brazil or Australia, which already have mining projects underway. Finally, he would like to see Congress pass the Rare Earth Magnet Manufacturing Production Tax Credit Act.

    The bill would provide tax credit support to magnet producers at the rate of $20 per kilogram for magnets manufactured in the U.S. and $30 if they are made entirely of U.S.-made materials. It was introduced in April by Rep. Eric Swalwell (D-CA) and Rep. Guy Reschenthaler (R-PA), so it has bipartisan support. Neither of those sponsors are on the relevant House committee (Ways and Means), although Reschenthaler is a member of the Republican leadership in the House.

    “If this bill became law, it would allow us to price more competitively, despite the fact that we have higher costs than China,” says Schneberger. “It would help us withstand potential dumping activity in the future.”

    ASM Price at posting: $1.70 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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