Post by
Allman on Feb 20, 2024 6:59am
US Moves to Restore Stockpiling ‘Panic Button’ in EV Metals
Really good article; it may be quiet now, but there is definitely ongoing activity which bodes well for FT.
... “This is literally the worst time to discover the ‘oh sh--’ button doesn’t work,” says one former Defense Department stockpiling veteran, who asked to remain anonymous while discussing issues of national security. In the first of a three-part series based on more than 40 interviews with industry executives, officials and politicians, Bloomberg has looked at Western efforts to create an alternative, China-free, global metals supply chain. The US in particular has been a hive of activity. Officials have rushed around the globe to negotiate deals with key allies, while behind the scenes US diplomats are cajoling Western miners to expand investment in the copper and cobalt-rich Democratic Republic of Congo, where China dominates production. The Biden administration also intends to team-up with the European Union to bolster efforts to gain some control over global supplies, while it funnels billions of dollars into projects to create a domestic mining and refining raw material supply chain. ... https://www.bnnbloomberg.ca/us-moves-to-restore-stockpiling-panic-button-in-ev-metals-fight-with-china-1.2036603
Be the first to comment on this post