VML General Comments - Chat, page-5906

This is good news for the sector. It’s all moving in the right way.

On Thursday (Friday AEDT), President Biden is expected to enact Defence Production Act – a wartime power – that enables the government to fund the production of these minerals at current operations, as well as related productivity improvements, safety upgrades, and feasibility studies.The share prices of critical minerals stocks in the US rose on the leaked news.Australian companies that stand to gain include Iluka, Australian Strategic Minerals, Cobalt Blue, Lynas, RZ Resources and VHM. Lithium company Ioneer is seeking funding from the US Department of Energy of about $US500 million ($665.9 million) and is currently in a due diligence process.She said the US and Australia would be drawing up a list of countries to be included in the Indo-Pacific Economic Framework and that strides were being taken.“It’s a region for which we have been absent in the recent years. And it’s time for us to step up affirmatively around the digital economy, supply chains, critical minerals, infrastructure (and) the green economy,”