More complete extract of that White Paper extract : Gracelin...

More complete extract of that White Paper extract :

Gracelin Baskaran, research director for energy security and climate change at the bipartisan Center for Strategic and International Studies in Washington, D.C., told Mining Journal it could take a long time for the US to build up its REE processing capabilities to the point where it substantially reduces its vulnerability to supply constraints. “The first DPA Title III award for a rare earths processing facility only went out in 2020,” she said. “That’s really recent. Think about the time it takes to build that, to get the operation up and running, and source the feedstock. Mining is a long-term game.” As the US hosts only 2% of the world’s REE resources, Baskaran suggested it would have to look further afield.

“What we need to start thinking about is what commercial diplomacy instruments can we deploy,” she said. “It could be a combination of investment, DFC [US International Development Finance Corporation] de-risking and equity. It could be critical minerals agreements that let [partnering countries] benefit from the Inflation Reduction Act, tax incentives, etc.”

Assessingthe Viability of a U.S.-Ukraine Minerals Deal