General Chat / Discussion, page-9619

Bipartisan moves afoot in the US Congress concerning the critical metals sector. This focus on competing with China in these sectors is unlikely to change regardless of which party wins the Nov' 2024 US election.

However, the difference may be that should Trump and the Repubs win then their drill baby drill focus may also include mine baby mine within US borders. This would be good news for the likes of REEMF, ARR and Ucore, etc., who have potential RE mines within US borders in terms of strategic and/or major private financing/offtake confidence and gov' permitting support.

This Repub focus may also mean that there would be less potential for US strategic support for RE miners/processors abroad, even within friendly borders. The likes of RE mining projects with ASM, Meteoric, even Rainbow RE would already have benefitted from present Dem' Admin' strategic support, but for many others hoping for US largesse, the door would be almost closed with a Trump 'America First' perspective.

In contrast, a Biden Admin' win would probably confirm the Dem' party in its perspective that the nation supports its views on climate change and related approaches to the structure needed to supply required materials for such a green energy buildout. Hence, the above within-borders RE wannabees mentioned would probably 'suffer' the same experience as for the past near 4 years in terms of within-borders mining financial support and/or opposition to any new permitting.

However, alternative extractive entities may continue to enjoy the DoE money flowing into their field as well as recycling wannabees with their claims to closing the loop as these fit the green narrative which would again be bolstered by a US election win.

Consequently, RE retail investors need to keep a close eye on the upcoming US election results as they will likely impact their investment decision-making and the future of most RE wannabees.

US senators introduce bill confronting China’s dominance in critical minerals

A bipartisan group of US senators introduced sweeping legislation on Thursday strengthening diplomatic and financial tools to counter China’s dominance over critical minerals.

The Global Strategy for Securing Critical Minerals Act of 2024 would require an assessment of imposing duties on critical minerals from China, create a fund to support investments in critical minerals, and develop workplace programmes to train Americans on managing the life cycle of the minerals....