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Baystreet.ca - The U.S. is Being Forced to Secure Rare Earth Outside of China


The U.S. is Being Forced to Secure Rare Earth Outside of China
The world is in desperate need for rare earth supply outside of China. Not only is the U.S. trying to new supply, Europe is in desperate need, too. In fact, according to the South China Morning Post, “In a speech touting the bloc’s ‘industry strategy’ this week, European Commission President Ursula von der Leyen pointed to the scarcity of raw materials needed to power the switch to electric vehicles and green energy sources, much of which are buried in China.”
“We import lithium for electric cars, platinum to produce clean hydrogen, silicon metal for solar panels,” she added. “Ninety-eight per cent of the rare earth elements  we need come from a single supplier: China. This is not sustainable. So we must diversify our supply chains.” ....

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Asian Markets Exhibit Mixed Trend


Asian Markets Exhibit Mixed Trend
CANBERA (dpa-AFX) - Asian stock markets are exhibiting a mixed trend on Tuesday amidst continued worries about inflation and high valuations as well as tracking a weak lead from Wall Street, which closed mostly lower overnight.
The Australian stock market is quite subdued Tuesday morning with investors largely making cautious moves, tracking a weak lead from Wall Street where stocks struggled for support overnight amid concerns a swift economic recovery might stoke inflation.
Energy and mining stocks are faring well tracking higher crude and bullion prices, while consumer discretionary, technology and telecommunications shares are drifting lower. ....

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