Eric Kantor, chief executive officer of Moelis & Company, said on the sidelines of an international mining conference that there is a clear consensus in the United States on moving away from fossil fuels and switching to rare earths after China limited its exports of these minerals.
He added that it is clear that critical minerals are an important part of the transformation of the energy sector, “there is a clear consensus in the United States on the importance of moving away from fossil fuels and transforming the energy sector.”
He continued: “But let’s go back ten years when China decided to limit exports of rare metals, in particular rare earth minerals. There is no doubt that this was a warning to the United States. “
He explained that what happened next was the intervention of the World Trade Organization to resolve problems between many countries, including the United States, Japan and China, and that it was “in our best interest, but this was a warning to all. ‘America, which has since it started moving. “
He stressed that his country has started to feel progress, as there are many projects in rare metals, but there is still a long way to go to the United States.
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