The Trump administration is ramping up its efforts to secure minerals such as lithium and rare earths as China’s rumblings on constricting supply get louder.
The US Department of Commerce released a comprehensive action plan aimed at developing and securing 35 vital minerals deemed important to national security.
Among a raft of recommendations made by the department is to speed up the process of permitting.
It said the Bureau of Land Management would undertake a review of its permitting process, and its management plans — all with the aim of speeding up the time it takes a miner to mine particular resources.
It also recommended that the US Geological Survey undertake a new round of surface and subsurface mapping to find new sources to minerals, and to give miners more data to chew on.
It also flagged a boost to mining R&D in the country, particularly around recovering minerals from unconventional sources such as mine tailings, extraction from seawater, and recycling.
This is in addition to getting smarter about processing to decrease mineral volumes lost in processing.
The new report from the US Department of Commerce comes amid increasing chatter that China could crack down on rare earth exports.
While the Trump administration has been focused on the 35 minerals before, the timing of the report is apt.
Beyond the geopolitical implications of the latest report, its recommendations should prove a boon to US-focused miners — particularly those looking for minerals like lithium, such as Ioneer (ASX:INR).
ioneer (ASX:INR) is an ASX-listed lithium resource developer with a focus on the Rhyolite Ridge lithium-boron project in Nevada.
Rhyolite Ridge is a large, shallow lithium-boron deposit located close to existing infrastructure in southern Nevada, USA and owned 100 percent by ioneer.
This content is produced by Star Investing in commercial partnership with ioneer. This content does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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