EQ Resources: Critical Minerals - Centre Stage in Trump’s Trade Negotiations & Defense Strategy
Commentary from EQ Resources on the evolving Trade Negotiations regarding Tungsten between US and China:
Being it EO14268, EO14265, EO14156, ..., they all amplify two key themes of Trump's second presidency:
National Security Trough Expanded Defense Capabilities
Critical Minerals Security Through Supply Chain Diversification
Two birds with one stone:
From EQ Resources (the largest Western source of tungsten concentrate, from mines in Australia 🇦🇺 and Spain 🇪🇸).
Additionally, Trump announced Section 232 Trade Investigations into Critical Minerals and Rare Earth Elements; the investigation could recommend the imposition of new tariffs or other import restrictions.
EQ Resources Chairman, Oliver Kleinhempel, comments: "The trend line is clear and irreversible, the US will (try to) quickly decouple from Chinese supply chains. The Chinese Government is playing ball and likewise believes a supply restriction of critical materials to the US could score well in the ongoing trade conflict."
EQR: well-positioned
EQ Resources is well-positioned for a US decoupling of Chinese supply chains, recently joining the US Defense Industrial Base Consortium and applying for a $17 million grant to expand the tungsten supply base to the US. Trump has reinforced the mandate of US EXIM, which is rolling out a massive funding program under its Supply Chain Resilience Initiative.
"We are in good dialogue with various US agencies. The US Defense Production Act (DPA) seems to become an even more powerful tool to achieve Trump's key agenda around defense and critical minerals. As for tungsten supply, neither the US, nor Canada and the UK have any active tungsten mines. We are uniquely positioned to supply our US partners from Australia, since not only US but also Canadian, UK and Australian companies qualify for DPA funding", Oliver added.
Discover more commentary from EQ Resources here.