Monday, August 23, 2021 5:59:42 PM
Today 8:47 AM ET (Benzinga)Print
The continued competition and economic back and forth between the United States and China has spurred American policy to move toward a renewal of old capabilities in heavy industry and manufacturing. America used to be the king of the majority of sectors, including mining, refining and processing raw materials required for advanced manufacturing activities.
However, these industries have shifted through decades of advancement on China’s part and the decomposition of pieces within the entire supply chain in America. While much of the economic activity in the U.S. has shifted toward technology and services, China has stepped in the gap with lower labor costs, integrated supply chains and minimal environmental regulations.
Crucially included in the required ingredients for manufacturing in the 21st century are a host of materials including precious metals and rare earth metals. Both are used in industries and sectors ranging from electric and hybrid vehicle production to battery manufacturing, green energy, defense, telecommunication, medical devices and other technology inputs.
A recent piece by Marketplace.org stated that “The U.S. was 100% net import reliant on rare-earth elements in 2018, importing an estimated 11,130 metric tons of compounds and metals valued at $160 million. Eighty percent of those imports were sourced from China, according to the U.S. Geological Survey.”
In terms of another crucial material, the United States is No. 4 for raw tonnage of global gold production, compared to China’s 1st place. If U.S. policy is to be able to move toward more domestic production, significantly more mining and processing capabilities might be needed. This scenario could bode well for existing domestic mining companies to expand operations back toward historic levels across North America.
U.S.-based giants like Newmont (NYSE: NEM), Freeport McMoRan (NYSE: FCX) and Albemarle (NYSE: ALB) are likely looking to capitalize on American policy. However, other domestic players might also reap big rewards. American Pacific Mining (CSE: USGD.CN) (OTCQB: USGDF) is an example of a mining company with existing projects focused completely in America that could look to further expand domestically.
Raw materials such as gold, silver, copper, zinc, lead and manganese are some of the precious metals that American Pacific currently mines — all inputs that are likely to play significant roles in a new paradigm of American manufacturing.
Recent NEM News
- Meta Strengthens Child Privacy on Instagram; Google Overturns $1.7 Billion Antitrust Fine; Snap Updates Spectacles • IH Market News • 09/18/2024 10:13:07 AM
- Newmont Announces Agreement to Divest Telfer and Havieron for Up to $475M • Business Wire • 09/10/2024 04:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 08:38:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 08:36:53 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/03/2024 04:24:01 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/03/2024 02:35:04 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 08/30/2024 04:34:19 PM
- Newmont’s Lori Douglas Honored as a 2024 Paradigm for Parity Woman on the Rise • Business Wire • 08/28/2024 12:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/16/2024 08:41:55 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/14/2024 08:29:16 PM
- Newmont’s Trial of Underground 5G at Cadia Mine Delivers Strong Results • Business Wire • 08/08/2024 09:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/05/2024 08:46:59 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/01/2024 07:10:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/31/2024 09:32:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/26/2024 08:47:07 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/26/2024 10:34:45 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/24/2024 08:05:28 PM
- Newmont Reports Second Quarter 2024 Results • Business Wire • 07/24/2024 08:05:00 PM
- US Index Futures Fall Amid Tech Giant Earnings, Oil Prices Rise • IH Market News • 07/24/2024 09:55:54 AM
- Newmont Announces Second Quarter 2024 Earnings Conference Call • Business Wire • 07/03/2024 11:30:00 AM
- Newmont Welcomes Industry Veteran Red Conger to Board of Directors • Business Wire • 06/28/2024 12:00:00 PM
- U.S. Futures Drop in Pre-Market Trading as Tech Stocks Plunge After Meta Issues Gloomy Forecast • IH Market News • 04/25/2024 11:53:54 AM
- Newmont Reports First Quarter 2024 Results • Business Wire • 04/25/2024 11:00:00 AM
- Newmont nomme François Hardy, vétéran de l'industrie minière, au poste de directeur de la technologie • Business Wire • 04/19/2024 08:57:00 PM
- ニューモント、鉱業分野の実力者フランソワ・ハーディーを最高技術責任者に任命 • Business Wire • 04/19/2024 05:55:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM