Trump orders tariff probe on all US critical mineral imports, page-3

EQR linkedin. Reading between the lines

Tungsten price is moving higher. Reports of $US400mtu.

China is likely to make it harder for tungsten to be sold to US (not a tariff, not a hard ban, but very very difficult). Therefore US needs to secure certainty. EQ and Elmet has been talking to the US Govt. Olli was in DC last week.

Its only a matter of time.

CRITICAL MINERALS AT CENTER-STAGE IN TRUMP's TRADE NEGOTIATIONS AND DEFENSE INDUSTRY STRATEGY

Being it EO14268, EO14265, EO14156, ..., they all amplify two key themes of Trump's second presidency:

1️⃣ National Security Trough Expanded Defense Capabilities
2️⃣ Critical Minerals Security Through Supply Chain Diversification

✅ Two birds with one stone:hashtag#tungstenfrom EQ Resources (largest Western source of tungsten concentrate, from mines in Australia and Spain )

Additionally, Trump announced Section 232 Trade Investigations into Critical Minerals and Rare Earth Elements; the investigation could recommend the imposition of new tariffs or other import restrictions

EQ Resources Chairman,Oliver Kleinhempel, comments: "The trend line is clear and irreversible, the US will (try to) quickly decouple from Chinese supply chains. The Chinese Government is playing ball and likewise believes a supply restriction of critical materials to the US could score well in the ongoing trade conflict."

✅ EQR is well positioned, we recently joined the US Defense Industrial Base Consortium and applied for a $17 million grant to expand the tungsten supply base to the US. Trump has reinforced the mandate of US EXIM, which is rolling out a massive funding program under its Supply Chain Resilience Initiative.

"We are in good dialogue with various US agencies. The US Defense Production Act (DPA) seems to become an even more powerful tool to achieve Trump's key agenda around defense and critical minerals. As for tungsten supply, neither the US, nor Canada and the UK have any active tungsten mines. We are uniquely positioned to supply our US partners from Australia, since not only US but also Canadian, UK and Australian companies qualify for DPA funding", Oliver adds.

hashtag#tungstenhashtag#criticalminerals
https://lnkd.in/gid5pRbr

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