Ann: Ex-Im Bank - Extension of Letter of Interest, page-33

IMO, this would be part of the reason that the US Ex-Im Bank has shown interest in securing a stake in the Citronen project - to secure the raw materials needed for President Biden's future infrastructure plans.

"The highly anticipated U.S. infrastructure plan will boost demand for metals but is unlikely to "supercharge the commodity cycle," said Australia and New Zealand Banking Group (ANZ) in a report."

"The U.S. infrastructure plan should, on the face of it, accelerate the country's economic recovery. It is likely to boost demand for metals but probably won't supercharge the commodity cycle in the way many have hoped," said ANZ commodity strategists Daniel Hynes and Soni Kumari.
The report examined the impact of the $1 trillion U.S infrastructure bill, which seems to be inching closer to finally being passed. The bill is the top priority for U.S. President Joe Biden, and its prospects are looking quite promising with the weekend progress at the Senate.
ANZ estimated that around $500 billion would be spent on roads, bridges, and highways. The report noted that this would boost steel demand to 120 million metric tons compared to 105 million tons in 2019.
"Construction has traditionally been the biggest contributor to demand for most metals. Therefore, this spending package should boost demand for copper and zinc, in particular," it said. "The real kicker will be the $7.5 billion investment in electronic vehicle (EV) infrastructure. Overall we see growth in copper demand hitting double digits over the next year or two."

It's always a case of following the smart money - interesting times ahead!

GLTAH
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