The Best Opportunity Hiding in the Infrastructure Bill
Title II, Section 40205, of the infrastructure bill allocates $140 billion for the construction of a “rare earths demonstration facility.” Rare earths, you may recall, are a group of magnetic materials that are essential for modern technology. Byron King has followed this industry for years… warning that China’s stranglehold on rare earth supplies could jeopardize manufacturing around the world. The country has made deals in Africa and South America, “tying up the mine, the mill, the factory” or whatever else gives it unfettered access to the building blocks of our electronic gizmos. So the U.S. government’s attempt to get in the game may prove too little, too late. But it might also bring big opportunities for the right companies.