On Aug. 8, Serenity said the White House finally starting to invest more in critical minerals and materials is an important policy turn that supports critical U.S. supply chains. In the listed-company space, FEAM received $8 million, mainly for boron development, and HREE received $4.8 million focused on magnetic rare earth materials. The U.S. government has also committed funds to private firms, including $150 million to Niron Magnetics and $85 million to Standard Bauxite. Serenity described the amounts as “pocket change” for the U.S. government, but said they can still leverage large downstream industry applications and reduce supply-chain risk for critical materials. Even so, he believes current investment remains insufficient to fully solve the problem. More funding is needed, he argued, to accelerate critical-mineral projects and lower risks across the industrial chain. Serenity stressed he holds none of the stocks mentioned and only supports the policy direction, not individual companies.
BlockBeats reported on Aug. 8 that Serenity said the White House has finally stepped up investment in critical minerals and materials, a move he described as a “pleasant surprise” that should help build out key U.S. supply chains.
In the listed-company space, FEAM received $8 million in funding, mainly for boron development, while HREE received $4.8 million focused on magnetic rare earth materials. The U.S. government has also put money into private firms, including $150 million for Niron Magnetics and $85 million for Standard Bauxite.
For the U.S. government, Serenity argued, these amounts are “pocket change,” but they can still unlock a wide range of downstream applications and matter for lowering supply-chain risk in critical materials. He added that current investment is still not enough to fully solve the supply-chain problem. More support will be needed, he said, to speed up critical-mineral projects and reduce risks along the industrial chain.
Serenity stressed that he holds no shares in the companies mentioned and that his remarks only back the direction of the policy.
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