"USA looking to secure lithium and rare earths". $AVZ
Now it’s taking urgent action to ensure the supply of Rare Earth Elements from half a world away and to process them domestically.
Since last November, the market for raw materials for batteries and REEs in general “has gone into overdrive,” says Simon Moores.
America is a dependent where critical minerals are concerned.
As recently as two weeks ago China was reportedly exploring how much it can impede American defense contractors by limiting REE supplies.
“The Chinese government knows how much this terrifies Washington, D.C.,” Moores says.
Americans will have to factor the cost in treasure, and potentially lives, of securing the rare earth supply chain as they have previously done for consumption of commodities like oil.
Anything is Possible atm Q
Cheers
Frank
AVZ Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
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