Post by
thseeker1 on Nov 06, 2021 10:44am
More reasons to invest in Giga
...Given the expected rapidly rising demand for critical minerals, however, recycling will only ever be able to cover a modest percentage of all demand for critical minerals, and the development of new sources must be a priority.The U.S. government must also look at the entire value chain for the critical minerals industry, from extraction through to end use products. To do this effectively, the federal government must engage in strategic investment collaboration with the private sector and state governments to develop indigenous resources here in the U.S. This collaboration must focus on creating the right climate for investment, which means providing a stable and streamlined reg-ulatory environment, as well as looking at incentives to bring other parts of the value chain (including re?n-ing, processing and the manufacture of primary use products) to the United States and allied countries
Concluding thoughts
America is currently poorly prepared to face the challenge of securing its critical minerals supply chain. China has already moved a long way ahead of the U.S., and this will compromise America’s attempts to compete internationally, while also meeting climate change goals. To overcome this poor preparation, the U.S. government must work hand in hand with business and with overseas allies to build its own capacity in both mining and processing, and to collaborate in resource development in friendly countries. Furthermore, the U.S. must work with allies and partners to develop a global regime to improve environmental, social, and governance standards by establishing and enforcing rules that will level a playing ?eld that is currently tilted heavily in the favor of Chinese ?rms.Central to all of these endeavors will be the ongoing cooperation between the U.S. government and the private sector. Stakeholder dialogue is an absolute necessity if the attempts to make America’s critical minerals supply chains more resilient are to be effective. Working with the market rather than against it, harnessing the potential of American enterprise and innovation, and joining with our allies around the world will provide the U.S. with the tools it needs to address the China challenge and to meet its climate ambitions.