The USA govt and Dept of Defence have deployed billions to reach critical metal independence.
Lynas has now received AUD 384 MILLION -----
The Defence Department will now contribute $US258 million ($384 million) toward construction of Lynas' heavy rare earths refinery in Texas, up from the initial pledge of $US120 million in June 2022.1/08/2023
From an article in todays Livewire
Expect more critical metal supply cuts The market didn’t pay attention to the gallium and germanium trade restrictions in July. So, will it wake up to the looming supply problems once graphite’s stranglehold comes into force on December 1st?Perhaps. Especially, when we consider graphite is a far more ‘mainstream’ commodity. Its why investors should be broadening their exposure across numerous critical metal stocks set to surge on the back of heightening US and China trade tensions. There’s a very REAL possibility things could escalate further from here…Russia, a commodity producing powerhouse is in prime position to maximise pain over the west by partnering with China. A multi-pronged attack placing export bans across numerous critical metals and energy. T his would be devastating to manufacturers across Europe and North America. As last week’s development showed, the threats are real and reaching new levels of risk. Manufacturing of EV batteries, solar panels, smart phones, laptops, TV’s, appliances, medical and defence equipment all hinge on the reliable supply of critical metals. These raw materials are fed by China’s mighty midstream and downstream capacity. With the flick of a switch the world’s most important supplier can cut exports. This is unfolding far earlier than most geopolitical experts would have expected… Who knows how bad this situation could get in the months to come. It seems unthinkable that multibillion company’s like Tesla, Toyota or BMW would be left stranded without the raw materials needed to build their products. It’s the same situation for the massive US tech and defence companies relying on China’s supply of rare earths. For too long, manufacturers have ignored the importance of investing in upstream supply... Mining. Their day of reckoning is approaching fast. That’s why your money should remain on the side of the miner.
ARR is in line for these huge grants as the next MP Materials with a clean resource able to be fast tracked.
I believe Halleck will be fast tracked as the USA is on a trade war footing with China where every days delay is critical. I believe potential buyers planning for a five year buying window opportunity at sub 0.60 will be bitterly disappointed.
Good trading on the USA OTCQX -- Equivalent to 24000 shares at 0.145. The highest level on the QX to date
This could be the start of the USA investment push.
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