Following on from REEx article:
https://rareearthexchanges.com/news/australias-strategic-minerals-reserve-1-2b-with-open-questions/
So this is big news. For those not in Australia, this is an election pledge by the Labor Government (left side of politics) who are currently in power. The election is in a couple of weeks. And the polls are saying that Labor will win. So it is likely that this will become Govt policy.
See my rant here:
https://forum.rareearthexchanges.com/threads/funding-rare-earth-projects-rant.100/
This type of Government intervention into the critical mineral market is symbolic of the massive difficulties mines have getting financed and into production. All becasue China manipulates the whole industry. So our western Governments, who want to free themselves from Chinese depandance, are forced into the market to prop it up.
Much like what China did in the 1980s protecting their RE industry to get it started:
https://forum.rareearthexchanges.co...re-earth-restrictions-and-strategic-moves.16/
So China should be calling us out. They did the exact same thing to us.
So some questions about Aust Govt buying minerals:
- Which mines will they buy from?
- How will the prioritise which minerals to buy?
- Who will they sell them to?
- How long will they hold them?
- If they have to take physcial delivery, where will the store them? Costs?
- What happens when our iron ore industry tanks (or another mineral)....will the govt step in and start buying? Is this setting a precedent?
This has happened before:
- USA has had large Govt stockpiles - which were massive back during war times...but has dwindled in recent times to a modest heap.
- China has been stockpiling for years...and growing it. Maybe preparing for war?
Lots of questions here...what do others think?
https://rareearthexchanges.com/news/australias-strategic-minerals-reserve-1-2b-with-open-questions/
So this is big news. For those not in Australia, this is an election pledge by the Labor Government (left side of politics) who are currently in power. The election is in a couple of weeks. And the polls are saying that Labor will win. So it is likely that this will become Govt policy.
See my rant here:
https://forum.rareearthexchanges.com/threads/funding-rare-earth-projects-rant.100/
This type of Government intervention into the critical mineral market is symbolic of the massive difficulties mines have getting financed and into production. All becasue China manipulates the whole industry. So our western Governments, who want to free themselves from Chinese depandance, are forced into the market to prop it up.
Much like what China did in the 1980s protecting their RE industry to get it started:
https://forum.rareearthexchanges.co...re-earth-restrictions-and-strategic-moves.16/
So China should be calling us out. They did the exact same thing to us.
So some questions about Aust Govt buying minerals:
- Which mines will they buy from?
- How will the prioritise which minerals to buy?
- Who will they sell them to?
- How long will they hold them?
- If they have to take physcial delivery, where will the store them? Costs?
- What happens when our iron ore industry tanks (or another mineral)....will the govt step in and start buying? Is this setting a precedent?
This has happened before:
- USA has had large Govt stockpiles - which were massive back during war times...but has dwindled in recent times to a modest heap.
- China has been stockpiling for years...and growing it. Maybe preparing for war?
Lots of questions here...what do others think?
