By Duncan Hunter
Biden’s handlers continue to chip away at all aspects of the U.S. economy, to weaken and destroy it.
We have seen what they are doing with monetary policy: Increasing the money supply while decreasing the supply of goods, which is creating rampant inflation.
Now, they’re working on creating new dependence on volatile sources of foreign minerals vital to our industry in a way Donald Trump would never have permitted.
And miners are sounding the alarm.
Here’s a clue: Think China.
Reuters has the details:
U.S. President Joe Biden will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on processing them domestically into battery parts, part of a strategy designed to placate environmentalists, two administration officials with direct knowledge told Reuters.
The plans will be a blow to U.S. miners who had hoped Biden would rely primarily on domestically sourced metals, as his campaign had signaled last autumn, to help fulfill his ambitions for a less carbon-intensive economy.
Rather than focus on permitting more U.S. mines, Biden’s team is more focused on creating jobs that process minerals domestically into electric vehicle (EV) battery parts, according to the people.
The regime claims diversifying the supply will cut China out of the deal, but miner organizations know better.
“The U.S. Government cannot make assumptions that non-U.S. rare earth and critical minerals producers will sell their materials into the U.S. supply chain and not to China. China is actively and aggressively pursuing acquisitions of rare earth projects or offtake agreements all over the world, and non-U.S. project owners will make the best commercial decisions for their own shareholders, not the idealistic and regulated approach that U.S. miners will take — prioritizing materials for the U.S. supply chain,” said Pini Althaus, CEO Of USA Rare Earth, in a statement.
'And whilst this development does not directly affect our Round Top deposit as we are on State of Texas land, the United States needs several projects to come into production, and in the near term, if we are to achieve our goals around electrification of vehicles,' Althaus said. 'Given our ability to process third-party materials, USA Rare Earth would be available to take in materials from non-U.S. projects, but as a whole this policy is devastating for the sector and a setback towards the goal of establishing a secure domestic supply chain.'
'The reason the U.S. is in its current precarious position – lacking a domestic critical minerals supply chain – was due to poor decision making 30 years ago, when the same argument was made to let someone else, China, do the mining and processing,' Althaus added. 'The naive thought process at that time was that those materials would come back into the U.S. supply chain, even as China made no secret back then as to its ambitions in controlling the rare earth supply chain.'
'The winner of such policy is China, again,' Althaus notes further.
'The U.S. took a positive step in this direction when the U.S. Dept. of Energy recently launched the Division of Minerals Sustainability,' Rich Nolan, president of the National Mining Association, said in a statement in March. 'But if we want to seriously compete in the global EV market, the U.S. must give mining and the mineral supply chain the attention they deserve. We have the tools to win this race, but only if we make smart policy decisions.'
If you are a union member and you are still voting for these clown liar Democrat Marxists out to destroy you, your jobs, and your country, we have to ask: Why the hell you are doing that?
President Trump is Breaking Down the Neck of the Federal Reserve!
He wants zero rates and QE4!
You must prepare for the financial reset