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Bullboard - Stock Discussion Forum Avalon Advanced Materials Inc T.AVL

Alternate Symbol(s):  AVLNF

Avalon Advanced Materials Inc. is a Canadian-advanced manufacturing company focused on vertically integrating the Ontario lithium supply chain. Its Lake Superior Lithium Project is in the City of Thunder Bay, Ontario. Lake Superior Lithium Project is located between northern Ontario’s lithium deposits and southern EV battery plants. Through its joint venture with SCR-Sibelco NV, it is... see more

TSX:AVL - Post Discussion

Avalon Advanced Materials Inc > china restricting rare earths to USA
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Post by monstapeake on Dec 02, 2020 10:21am

china restricting rare earths to USA

From rt.com today and possible explanation for increased interest in avl.  jmho,   mpke

By limiting access to China’s AI and rare earth metals, Beijing is responding to President Trump’s endless stream of sanctions. But this latest move is set to cause big problems for the companies that work with the US military.

China’s announcement of new laws controlling the exports of ‘sensitive items’ in a way that mirrors the US Commerce Department’s entity list is the latest example of escalating tensions between Beijing and Washington.

The new regulations are set to control items said to be vital to the country’s national security, including military items, strategic technologies, artificial intelligence algorithms, and, most strikingly, rare earth mineral exports. 

The announcement comes as Donald Trump’s administration uses its last days to double down on China, with media reporting that it is set to blacklist the Semiconductor Manufacturing International Corporation and the China National Offshore Oil Corporation as firms allegedly ‘controlled’ by the country’s military.

Comment by FredZarfloon on Dec 02, 2020 4:13pm
Things will be back to normal soon...
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