Post by
seveneleven711 on Mar 18, 2024 10:54am
opinion
The U.S. imports 100% of the scandium used by the Department of Defense, the Department of Energy, the aerospace industry, the alloy industry and the battery industry. The amount of scandium (copper, cobalt) used is going up dramatically because of demand and price. Who will meet the demand and are the Chinese in competition with the U.S. to secure the scandium that Canada can supply. Read the following:
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https://financialpost.com/commodities/mining/champagne-tells-miners-dont-circumvent-rules-china-pdac
https://www.ctvnews.ca/business/chinese-money-still-chasing-canadian-critical-mining-deals-despite-ottawa-s-scrutiny-1.6785543
https://financialpost.com/commodities/mining/china-invest-canadian-mining-despite-crackdown-envoy
https://www.ualberta.ca/china-institute/research/analysis-briefs/2023/critical-minerals.html
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There are more articles like the ones above. Regardless of the politics/policy, Canadian mining companies are finding backdoor ways of "partnering" with the Chinese especially when it comes to $. Personally I hope that the DBG management has worked hard to get a relationship with the U.S. rather than China. But when it comes down to $, you never know what is in the works. I just hope that management has the ability to do what is best for shareholders.
Comment by
mrmazikden on Mar 18, 2024 11:35pm
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