The United States of America wants to be a leader in critical minerals and mining. And it might just be the beginning of a new era for natural resources.
What’s happening:
- President Donald Trump has officially signed a new executive order to accelerate domestic mining and the production of critical minerals
Why it matters:
- The new executive order is aiming to dramatically advance the United States of America’s position as a leader in critical minerals, which has come into focus following China’s multiple restrictions on important metals such as antimony and tungsten
Going deeper:
- The United States of America will leverage the Defense Production Act as well as multiple other government agencies to fund new mining projects that are deemed to be important for national and international security
- President Donald Trump’s new executive order also added uranium, potash, copper and gold to the list of critical minerals in America
The intrigue:
- The importance of reducing America’s dependence on foreign countries for metals and minerals has also been leading to new deals in the public markets, including a notable strategic alliance between Energy Fuels (NYSE: UUUU) and The Chemours Company (NYSE: CC) for domestic rare earth elements
