Fortune Minerals Limited. T.FT

Infl'n Reduction Act impact report lays bare CM fault lines

[Allman]

Reading this S&P report makes one wonder how it is that FT has not yet gotten traction - considering its reserves, etc.; it can't be long before they get their footing.

Report includes map of US Free Trade Agreement countries and prospective critical mineral partners, which from a visual perspective, is surprisingly not as many as expected.
.
Includes table for Cobalt showing:
1. the Mined percentage of global production (2023 estimate) by non-FTA countries is 86.8%,
2. the Refined percentage of global production (2023 estimate) by non-FTA countries is 85.5%,
3. the percentage of US imports (2022 estimate) from non-FTA countries is 77.3%.

Notes that non-FTA countries include China and Russia. While Chinese and Russian entities are major producers, they are very likely to be designated "foreign entities of concern" and processing by them may disqualify input materials from IRA tax credits.

https://www.mining.com/us-inflation-reduction-act-impact-report-lays-bare-critical-mineral-supply-fault-lines/

[Nemesis]

[Nemesis]

https://www.mining.com/wp-content/uploads/2023/09/SnP-Global-critmin-demand-to-2035-1536x373.png