Nov. 12 at 3:27 AM
$UURAF $THM $GPHOF
Big Picture: the globe is scrambling for rare earths/minerals.
A few days ago, Putin ordered officials to prepare a plan for a 245% increase rare-earth production by 2030 to reduce reliance on imports. This is a country already with 28 million metric tons of rare earths/658 million tons of rare minerals. Deadline for the plan - December 1, 2025.
Trump traveled to Southeast Asia and inked a rare earth deal with Thailand, and a pact where Malaysia drops restrictions on rare earth exports to the US. He signed a deal with Congo in June. His summit with Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan at the White House? More deals. He’s looking at Brazil, but the tariffs are an obstacle.
Heaven and earth and hundreds of billions of dollars being spent by this administration to secure a supply chain. Don't be surprised if more equity stakes pop up domestically. Meanwhile, Ucore’s processing puts it in the sweet spot.
