Mining is first and foremost a material logistics problem. If I need to study significantly more material to retrieve a economically viable amount of sight after elements it will be always a difficult proposition.
The economics are out of whack in the mining industry in the 2020s as well.
North American mining firms tend to be private sector, but in Asian countries like China, Indonesia, India, and Vietnam the mining conglomerates and processors are state-owned enterprises, or in the case of Japan and South Korea, private sector firms with a controlling stake owned by a sovereign development fund.
This is why we need a Temasek or Mubadala for America.
I feel like we'll see more and more of that style of ownership in the US when it comes to mining. We're already seeing the government buying stakes in semiconductor companies, as well as subsidizing manufacturing.
Mining seems like it should be firmly on the list of things that are of national security importance.
alephnerd|5 months ago
North American mining firms tend to be private sector, but in Asian countries like China, Indonesia, India, and Vietnam the mining conglomerates and processors are state-owned enterprises, or in the case of Japan and South Korea, private sector firms with a controlling stake owned by a sovereign development fund.
This is why we need a Temasek or Mubadala for America.
kelnos|5 months ago
Mining seems like it should be firmly on the list of things that are of national security importance.
govg|5 months ago
But the US in general hates "state owned enterprises" in the form that China has.