Meanwhile in EU...
First off, the major Gigafactory in Karvina is progressing through the environmental organisations approvals, this is bullish for the local supply sources of feedstock.
Secondly, I would advise holders to get familiar with the EIB Group's plan for 2024-2026. There are many statements around the support of the Just Transition Fund recipients and participating countries. But most importantly these few gems:
"With the green transition legislation mostly agreed, work will shift to implementation on the ground. While energy security and accelerating the clean energy transition remain a priority, the focus is also on industry and competitiveness, with the implementation of the Critical Raw Materials and Net-Zero Industry Acts in 2024.
This includes proposed measures for a faster permissions process and reduction in regulatory burden, as well as focusing on the creation of secure and resilient supply chains and on the improvement of the sustainability and circularity of critical raw materials."
and:
"This includes EIB financing under REPowerEU+ (€40.5 billion between 2023 and 2027) for EU manufacturing in state-of-the-art strategic net-zero technologies and the extraction, processing, and recycling of critical raw materials (CRMs). The support to CRMs will focus on the green and digital transitions, sustainability in the value chain, and innovation and will enhance the EU’s strategic autonomy. "
You can find the EIB Operational Plan here for your review:
(20min delay)