This is huge for the commodity sector US minerals and supply chain czar David Copley on the US plans to regain independence: - Mining will get a lot of attention from governments around the world - Mining is a priority area for US national development - Critical minerals in... the US are priority no. 1 - The US will continue stockpiling minerals - The US wants to increase profitability in the rare earth space - Over the next few years, the US is going to invest 100s of B in the mining sector - The US wants a roadmap for every mineral vital to its economy This is a game changer for the industry, especially with regard to rare earths. Rare earths aren’t rare, but their mining and processing are very environmentally damaging. Western companies with ESG mandates can’t compete with Chinese counterparts, which don’t face these regulations and also enjoy state subsidies. The result was absolute dominance. China’s subsidized low prices forced Western companies out of business and increased China’s market share to up to 97% of rare earth processing and ~60% of rare earth mining. In the future, I wouldn’t be surprised if there are two pricing schemes for critical minerals: one for China/BRICS and one for the West. This race to regain critical minerals independence will lead to more supply shocks and subsequent price spikes.... creating a once-in-a-lifetime opportunity in the commodity space. The era of commodities is about to beginshow more

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Lukas, this really does feel like the formal end of the just in time, cheapest source wins era. Once minerals move from being economic inputs to national security assets, price discovery changes completely. Stockpiling, subsidies, parallel supply chains and ESG constraints almost guarantee structurally higher and more volatile prices. If we’re heading toward two pricing regimes for critical minerals, doesn’t that imply commodities stop being cyclical trades and start becoming long duration strategic assets again?

Under this new regime, the commodity bull market would be larger in magnitude and longer in duration. But at some point, supply will overwhelm demand. Stockpiles aren’t infinite.

Lukas, agreed. This is a security driven cycle so it can run hotter and longer than past ones. But physics still wins. Capex, new supply, and finite stockpiles eventually cool it. The question is whether prices overshoot massively before that balance finally returns?

@commoditycul it’s your time to shine!

That is truly the only way to get the west back into the mining and even more importantly the refining. China has virtually no lined pits in their separation process. As a result 90% of their Ground Water is contaminated.

Well get on with it and reduce the ridiculous amount of time it takes to get permits and the hideous amounts of on going regulation!

Taseko mines $tgb

EMH for lithium and EEE for titanium, both massive projects

Which stocks on tsx based on this @grok