Critical minerals check the boxes for the main goals of Bidenomics—enhancing national and economic security and accelerating climate progress. Arguably, Bidenomics will not reach its full potential without a strong supply chain for critical minerals. It’s unlikely that any country can completely onshore the critical mineral supply chain because concentration of reserves and permitting issues, among other reasons, hamper the creation of new mines. But permitting processes are only part of the issue; a real chokepoint is in processing. Bidenomics offers an opportunity to focus on the entire value chain. China has set an example—that the United States could follow—by investing more into domestic mineral processing. The administration’s own review on resilient supply chains states that “China’s strong supply chain position stems, in large part, from state investment in processing and manufacturing rather than an inherent advantage in reserves for most materials.” QUOTE ARR is in good position to be assisted by these Government initiatives IMO
