We've been giving all the "handouts" to China the past few decades with previous administrations which has dug the gigantic "hole" that this administration is finally starting to crawl our way out of it. About time some of that money gets to developing our own resources. China has control over 50% of all the Li mining in the world and 75% of the big battery factories.
It was US companies, RCA, a US co at the time, that started and developed the chip industry in Taiwan then selling to GE which in turn sold to foreign investors. For decades since then it's been US money that has put into other places but here. We've been handing out trillions of our hard earned money into the development elsewhere (in the long run, mostly to China).
So the Biden administration is the one that has done this much into developing this nations resources and starting to dig out of a very deep hole that the previous administrations put us in. All the last one did was give money to China for all the red hats and political flags produced over there and paid more taxes to China than was paid to the US.
China has also done nothing but give handouts constantly to their production and getting control of bulk of Li and batteries (all types) and working on taking over the 1/2 a trillion $ a year of sales to the US from Taiwan.
Yea I think that the some of this big business that has been making big profits from "handing out" all our money developing other countries production to developing the US resources and supplies. But that's not the way the world works and somehow the big boys still got to make their profit, hence our "handouts".
Because if we don't develop here, our "handouts" will continue to going over there. Of course newer forms of energy besides big oil will activate some politicians anger and bs misinformation trying to protect their 100's of millions of money from the big oil lobby which in the end comes out of our pocket one way or another.
So we have to get something done to encourage American companies to develop instead of the previous ways that was being done and stop damaging our environment so much which is costing the American people trillions every year on top of the price at the pump.
If it takes companies like LAC to create a full American company with more jobs and getting a "handout", so be it. Because without incentives, it will never happen and that money will still be being spent, just not on the US. So good to see that this administration is trying to fill the horrific hole the previous one(s) have dug.
On a side note, still making good money with LAC. Got out, back in and trading along the way. All goes in how you play it.
