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Additional Context
If critical minerals processing were easy, then countries other than China would still be good at it. Amongst all industries, miners and processors of critical minerals face extraordinary opposition in the form of Not in My Backyard (NIMBY) sentiments, particularly in nations where political officials have to concern themselves with getting re-elected.
But rather than making investors wholly dismiss the potential for non-Chinese suppliers of critical minerals, the context described above has instead bolstered interest in the handful of companies that have demonstrated realistic paths to scaling supply chains that are domestically located in nations other than China. This includes those Western nations where NIMBY and other challenges present the biggest obstacle. One of the most ambitious