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1.22% 8.3¢ renascor resources limited

In the 2024 federal budget, the government offered a production...

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    22/05/24
    17:47
    Post #: 73960246

    In the 2024 federal budget, the government offered a production tax credit of 10 percent of expenses for critical minerals processing. Providing support to reduce production costs is very welcome, but it doesn’t address the key risk in rare earths—that China’s dominance means it can manipulate the end-price to crush new competitors.

    To counter this, the government needs to set price floors, which would be time limited. And it need not shoulder these risks alone. Instead the Departments of Foreign Affairs and Defence should encourage the United States, Japan, South Korea and the European Union to underwrite a 10-year floor-price scheme for a new, reliable supply of Australian rare earths.

    Governments are already doing this in renewable energy. Britain and others are writing contracts for differences (CFDs): if the electricity price is below the strike price, generators receive a top-up payment. The European Union is now proposing a CFD mechanism for its energy markets, and Australia is making similar efforts through capacity mechanisms for dispatchable renewable energy.




    https://www.aspistrategist.org.au/critical-minerals-need-insulation-from-chinas-market-manipulation/
    RNU Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
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