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Antwort auf Beitrag Nr.: 70.511.918 von Lennypenny am 14.01.22 16:59:36Jan 14 (Reuters) - A bipartisan piece of legislation to be introduced in the U.S. Senate on Friday would force defense contractors to stop buying rare earths from China by 2026 and use the Pentagon to create a permanent stockpile of the strategic minerals.
The bill, sponsored by Senators Tom Cotton, an Arkansas Republican, and Mark Kelly, an Arizona Democrat, is the latest in a string of U.S. legislation seeking to thwart China's near control over the sector.
It essentially uses the Pentagon's purchase of billions of dollars worth of fighter jets, missiles and other weapons as leverage to require contractors to stop relying on China and, by extension, support the revival of U.S. rare earths production.
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Rare earths are a group of 17 metals that, after processing, are used to make magnets found in electric vehicles, weaponry and electronics. While the United States created the industry in World War Two and U.S. military scientists developed the most widely-used type of rare earth magnet, China has slowly grown to control the entire sector the past 30 years.
The United States has only one rare earths mine and has no capability to process rare earth minerals.
"Ending American dependence on China for rare earths extraction and processing is critical to building up the U.S. defense and technology sectors," Cotton told Reuters.
The senator, who sits on the Senate's Armed Forces and Intelligence committees, described China's evolution into the global rare earths leader as "simply a policy choice that the United States made," adding that he hoped fresh policies would loosen Beijing's grip.
Known as the Restoring Essential Energy and Security Holdings Onshore for Rare Earths Act of 2022, the bill would codify and make permanent the Pentagon's ongoing stockpiling of the materials. China temporarily blocked rare earth exports to Japan in 2010 and has issued vague threats it could do the same to the United States.
To build that reserve, though, the Pentagon buys supply in part from China, a paradox that Senate staffers hope will abate in time.
The rare earths production process can be highly pollutive, part of the reason why it grew unpopular in the United States. Ongoing research is attempting to make the process cleaner.
Cotton said he has talked to various U.S. executive agencies about the bill, but declined to say if he had talked with President Joe Biden or the White House.
"This is an area in which Congress will lead, because many members have been concerned about this very topic, regardless of party," he said.
ENCOURAGE DOMESTIC OUTPUT
The bill, which the sponsors expect could be folded into Pentagon funding legislation later this year, offers no direct support for the nascent U.S. rare earths sector.
Instead, it requires Pentagon contractors to stop using Chinese rare earths within four years, allowing waivers only in rare situations. Defense contractors would be required to immediately say where they source the minerals.
Those requirements "should encourage more domestic (rare earths) development in our country," Cotton said.
The Pentagon has in the past two years given grants to companies trying to resume U.S. rare earth processing and magnet production, including MP Materials Corp (MP.N), Australia's Lynas Rare Earth Ltd (LYC.AX), TDA Magnetics Inc and Urban Mining Co.
Kelly, a former astronaut and a member of the Senate's Armed Services and Energy committees, said the bill should "strengthen America's position as a global leader in technology by reducing our country's reliance on adversaries like China for rare earth elements."
The bill only applies to weapons, not other equipment the U.S. military purchases.
Additionally, the U.S. trade representative would be required to investigate whether China is distorting the rare earths market and recommend whether trade sanctions are needed.
When asked if such a step could be seen as antagonistic by Beijing, Cotton said: "I don't think the answer to Chinese aggression or Chinese threats is to continue to subject ourselves to Chinese threats."
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Reporting by Ernest Scheyder; editing by Amran Abocar and Richard Pullin
Our Standards: The Thomson Reuters Trust Principles.
More from Reuters
The bill, sponsored by Senators Tom Cotton, an Arkansas Republican, and Mark Kelly, an Arizona Democrat, is the latest in a string of U.S. legislation seeking to thwart China's near control over the sector.
It essentially uses the Pentagon's purchase of billions of dollars worth of fighter jets, missiles and other weapons as leverage to require contractors to stop relying on China and, by extension, support the revival of U.S. rare earths production.
Register now for FREE unlimited access to Reuters.com
Register
Rare earths are a group of 17 metals that, after processing, are used to make magnets found in electric vehicles, weaponry and electronics. While the United States created the industry in World War Two and U.S. military scientists developed the most widely-used type of rare earth magnet, China has slowly grown to control the entire sector the past 30 years.
The United States has only one rare earths mine and has no capability to process rare earth minerals.
"Ending American dependence on China for rare earths extraction and processing is critical to building up the U.S. defense and technology sectors," Cotton told Reuters.
The senator, who sits on the Senate's Armed Forces and Intelligence committees, described China's evolution into the global rare earths leader as "simply a policy choice that the United States made," adding that he hoped fresh policies would loosen Beijing's grip.
Known as the Restoring Essential Energy and Security Holdings Onshore for Rare Earths Act of 2022, the bill would codify and make permanent the Pentagon's ongoing stockpiling of the materials. China temporarily blocked rare earth exports to Japan in 2010 and has issued vague threats it could do the same to the United States.
To build that reserve, though, the Pentagon buys supply in part from China, a paradox that Senate staffers hope will abate in time.
The rare earths production process can be highly pollutive, part of the reason why it grew unpopular in the United States. Ongoing research is attempting to make the process cleaner.
Cotton said he has talked to various U.S. executive agencies about the bill, but declined to say if he had talked with President Joe Biden or the White House.
"This is an area in which Congress will lead, because many members have been concerned about this very topic, regardless of party," he said.
ENCOURAGE DOMESTIC OUTPUT
The bill, which the sponsors expect could be folded into Pentagon funding legislation later this year, offers no direct support for the nascent U.S. rare earths sector.
Instead, it requires Pentagon contractors to stop using Chinese rare earths within four years, allowing waivers only in rare situations. Defense contractors would be required to immediately say where they source the minerals.
Those requirements "should encourage more domestic (rare earths) development in our country," Cotton said.
The Pentagon has in the past two years given grants to companies trying to resume U.S. rare earth processing and magnet production, including MP Materials Corp (MP.N), Australia's Lynas Rare Earth Ltd (LYC.AX), TDA Magnetics Inc and Urban Mining Co.
Kelly, a former astronaut and a member of the Senate's Armed Services and Energy committees, said the bill should "strengthen America's position as a global leader in technology by reducing our country's reliance on adversaries like China for rare earth elements."
The bill only applies to weapons, not other equipment the U.S. military purchases.
Additionally, the U.S. trade representative would be required to investigate whether China is distorting the rare earths market and recommend whether trade sanctions are needed.
When asked if such a step could be seen as antagonistic by Beijing, Cotton said: "I don't think the answer to Chinese aggression or Chinese threats is to continue to subject ourselves to Chinese threats."
Register now for FREE unlimited access to Reuters.com
Register
Reporting by Ernest Scheyder; editing by Amran Abocar and Richard Pullin
Our Standards: The Thomson Reuters Trust Principles.
More from Reuters
Antwort auf Beitrag Nr.: 70.509.254 von Serengeti am 14.01.22 14:04:36Wo siehst Du eine Kaufzone? 6,50$ wird wohl noch zu früh sein🤔 5,50$ ?
Gruß Lenny
Gruß Lenny
Jetzt hast du ja mal deinen Ersteinstieg geschafft 🥂 und nun kommen dann eventuelle einfach Nachkaufkurse... 😀
Ja na klar. Werde mir deswegen nicht "das Leben nehmen". 😀 Hab den Wert seid fast genau einem Jahr mal auf die WL genommen zu 4,90€ und dachte zwischenzeitlich der Zug iabgefahten ohne mich. Daher war /bin ich froh das mein Limit heut bedient wurde.
Antwort auf Beitrag Nr.: 70.510.148 von Megastuhls am 14.01.22 15:05:16🤔 Sieh's nicht so negativ...besser heute als gestern oder davor in dieser Woche 😉
Trading Spotlight
Antwort auf Beitrag Nr.: 70.509.254 von Serengeti am 14.01.22 14:04:36
Wurde heut mit dem Ersteinstieg bedient. Wenn ich dein nachvollziehbares Post lese vergeht mir die "Freude" über den "Schnapp" den ich dachte gemacht zu haben.
Zitat von Serengeti: Für alle "Neuen" oder die nachkaufen wollen ergeben sich in der Zukunft günstigere Kurse, meiner Meinung nach!!!
Wurde heut mit dem Ersteinstieg bedient. Wenn ich dein nachvollziehbares Post lese vergeht mir die "Freude" über den "Schnapp" den ich dachte gemacht zu haben.
Antwort auf Beitrag Nr.: 70.509.425 von Serengeti am 14.01.22 14:16:18Danke Serengeti für die Info und Deine Sicht der Dinge 👍.
Ich schätze Deine Beiträge sehr und hoffe Du bleibst den diversen Uran Foren noch lange erhalten.
Grüße aus Süddeutschland
Ich schätze Deine Beiträge sehr und hoffe Du bleibst den diversen Uran Foren noch lange erhalten.
Grüße aus Süddeutschland
Und solche Finanzierungen gab es in der Vergangenheit schon öfters, u.a hier:
https://app.quotemedia.com/data/downloadFiling?webmasterI…
davor gab es glaub ich noch eine 50 Mio -Finanzierung
https://app.quotemedia.com/data/downloadFiling?webmasterI…
davor gab es glaub ich noch eine 50 Mio -Finanzierung
Freunde, es ist ganz einfach.
Das was hier die letzten Tage diskutiert und für episch eingestuft wurde ist grundsätzlich richtig.
Aber dieses Szenario muss auch finanziert werden. Ich hatte es bereits gepostet:
https://newsfilter.io/a/5a49c0fe5f06a7f7fd4990a32c62505d …
50 Mio müssen also erst einmal gesammelt werden, das braucht Zeit und wir fangen damit gerade erst an.
Tradingposi, wer die hat, muss jetzt draußen sein ( hatte ich bei 8,81 USD$ verkauft).
Longposis behalten.
Meine neue Tradingposi kommt also sehr, sehr viel später.
Und es soll bitte niemand hier sagen das dies nicht geht, geht nicht gibts nicht, sonst versteht er den Sinn und Zweck nicht.
Für alle "Neuen" oder die nachkaufen wollen ergeben sich in der Zukunft günstigere Kurse, meiner Meinung nach!!!
Das was hier die letzten Tage diskutiert und für episch eingestuft wurde ist grundsätzlich richtig.
Aber dieses Szenario muss auch finanziert werden. Ich hatte es bereits gepostet:
https://newsfilter.io/a/5a49c0fe5f06a7f7fd4990a32c62505d …
50 Mio müssen also erst einmal gesammelt werden, das braucht Zeit und wir fangen damit gerade erst an.
Tradingposi, wer die hat, muss jetzt draußen sein ( hatte ich bei 8,81 USD$ verkauft).
Longposis behalten.
Meine neue Tradingposi kommt also sehr, sehr viel später.
Und es soll bitte niemand hier sagen das dies nicht geht, geht nicht gibts nicht, sonst versteht er den Sinn und Zweck nicht.
Für alle "Neuen" oder die nachkaufen wollen ergeben sich in der Zukunft günstigere Kurse, meiner Meinung nach!!!
Antwort auf Beitrag Nr.: 70.495.172 von Serengeti am 13.01.22 14:35:59Hhhhm, ich steh auch auch auf der Leitung. Bitte kläre uns auf, will die Party nämlich auch nicht bezahlen 🙃
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