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Stock impact report

Trump's order to boost mining in the U.S. could end up helping Canadian companies [Yahoo! Finance Canada]

Electra Battery Materials Corporation (ELBM) 
Last Thursday, Trump invoked presidential emergency powers and signed an executive order “to facilitate domestic mineral production to the maximum possible extent” as a matter of national and economic security. The order cites “ our reliance upon hostile foreign powers ' mineral production,” which some say is the U.S.'s latest effort to reduce its dependence on China, which controls large parts of the world's rare earths and critical minerals supply chains. But others say the wording was so broad, giving the administration discretion to expedite production on nearly anything — from copper to coal — that it could also be viewed as simply another attempt to breathe life into the moribund U.S. mining industry. “What this does in practice, we'll have to wait and see,” Pierre Gratton, chief executive of the Mining Association of Canada, an industry lobby group, said. “I heard recently that the U.S. has actually built only five major metal mines in 30 years. Even if this move doubles Show less Read more
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