The Trump administration's stance of pursuing the trade war with China no matter what appears to be driving this latest energy transition surge. He was elected on that premise and now has to follow through.
This is fantastic news for RNU's BAM project because we are the clear alternative for new material supply because of our current US trade deal and first mover advantage. The locations of all other advanced projects are in basket-case nations that are just not stable enough or have trustworthy systems in place to handle the current geopolitical climate in the short, medium or long term.
The fact that OECD members now make up three-quarters of global commerce, three-fifths of global GDP, and more than 90% of official development assistance worldwide presents a challenge for China. With US support for the energy transition, global growth will continue to build on that foundation. China can’t ignore the facts but instead may just come along for the ride. Since, 2020-2022 China's economic coercion has cost Australia an estimated A$20 billion in net losses. Not sure what the last two years costs were but as of this week they have lifted all bans.
If a level playing field is finally in the making, then RNU stands to be a big winner. At a time when our government is making sure that the world knows that 'Australia is open for business'.
ALL IMO, DYOR, GLTA(Patient)H
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