The CEO of USA Rare Earth, Joshua Ballard, discusses the need for critical minerals, the impact on the mining of the Trump administration and the start of the company on the Stock Exchange.
While the United States-Ukraine negotiations are continuing with the two parties going back and forth on a possible rare mineral agreement, President Donald Trump said on Sunday that Ukraine was trying to retreat from the agreement.
On board the Air Force One, Trump told journalists: “I think [Ukrainian President Volodymyr] ZelenskyyBy the way, he tries to retreat from the rare land agreement, and if he does it, he has problems, big and big problems. “”
The agreement would have been designed to benefit the two countries, with a chance that the United States recovered some or all billions of dollars in military aid that it provided to Ukraine since Russia invaded the nation of Eastern Europe in 2022.
“The American people must have something in return,” Fox Business Ben Habib, president of the great British political action committee and former Co-deputies of Reform UK, to Fox Business. “The United States is reaffirming.”
Matt Miller, actions analyst at CFRA Research, told Fox Business that rare land elements are essential for advanced military equipment, including jet engines, guided missiles, electronic war equipment and radar systems. So far, the United States has obtained the vast majority of its rare land from China, which is a contradictory regime.
The Congo mineral offer in the United States raises property issues in the middle of the bloody civil war, major Chinese presence
Employees are waiting for the elevator to bring them back to the surface after finishing their quarter of work in a coal mine near Dnipro, Ukraine, on February 20, 2024. (Chris McGrath / Getty Images)
A non-deal with Ukraine is not catastrophic for the United States, other countries have rich resources. In particular, Greenland has massive reserves of rare earths and other minerals. Some of these rare land could be used in the production of defense equipment.
The other potential resources that could be extracted are oil and natural gas, uranium, graphite and metals such as gold, silver, copper, lead and zinc. These minerals can be difficult to access because the country is covered with ice.
The White House said that having a presence in Greenland would help protect itself against encroachments or interference from adversaries such as China and RussiaBut for the moment, it only seems to neither Greenland nor his director, Denmark, seem interested in an American takeover.
The Democratic Republic of Congo (DRC) wants to conclude an agreement with Trump. President Felix Tshisekedi sent Trump a letter requesting a partnership with the United States, which includes a security pact and mineral agreement, according to the Wall Street Journal. The DRC, which is the largest cobalt producer, was at war with a rebellious group supported by Rwandans. The two countries are in military conflicts in the 1990s.
A heavy equipment operator directs a driver carrying ore in a large truck at the Tenke Fungurume mine, one of the largest copper mines in copper in the world, in the province of Lualaba, Democratic Republic of Congo on June 17, 2023. (Arlette Bashizi / Washington Post via Getty Images)
“We want to extract these minerals, but also treat them, because it would create a lot of jobs,” Tshisekedi told Fox News, Bret Baier, Anchor and editor of “Special Report”. “And we want a partnership that will provide lasting peace and stability.”
The production of rare earth minerals is not equal around the world. Here are the best.
China
China extracted 70% of rare earths, which makes it the largest producer, according to data from Statist. This includes a quasi-monopoly of minerals used to make nuclear power plant rods and extra-tie alloys for aircraft engines.
WE
The United States takes second place with 12% of rare land production. Many rare lands are used in the production of the F-35 military jet, which is itself a key element of the American defense material.
Burma
Burma takes third place with 8% of production. Particular minerals are the so-called heavy land used to make magnets, which are key parts of turbines and electric cars. However, this is probably disrupted due to the 7.7 magnification earthquake that rocked the region on Friday.
Australia
Australia ranks fourth In the production of rare earths. It also produces almost half of the lithium in the world, with the four -fifths of the one used to make rechargeable batteries.
Others
Some minerals outside the rare land category have also become vital importance around the world. Here is where three key materials come from and for which they are used.
Mud pots and mud volcanoes are seen near the Hudson ranch geothermal power plant near Niland, California, February 14, 2024. (David McNew / Getty images)
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The Democratic Republic of Congo Produced nearly three -quarters of the overall cobalt production. Its greatest utility is to make batteries for electric cars. It also has lithium and industrial diamonds.
Indonesia is the best producer in nickel with a world share of 20% of the market. Metal is extremely used to make stainless steel (65%) and batteries (15%.)
