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Long-term Government Support Needed to Build Domestic Rare Earths Supply Chain, CEO Says

Long-term Government Support Needed to Build Domestic Rare Earths Supply Chain, CEO Says

“The biggest thing slowing down environmental exploration and mining is actually getting all the approvals. So we've really got to streamline that,” said PVW Resources Executive Director George Bauk.

Consistent government support over the next decade can help create a conducive environment for the development of a domestic supply of rare earth elements (REEs) that could counter China’s dominance in the global market.

George Bauk, executive director of Australia-based PVW Resources (ASX:PVW), said he has seen REEs transition from an unknown commodity into one of today’s most critical minerals.

“We saw in 2010 to 2011 the real awakening. When China started to stop supplying (REEs) to Japan, prices went through the roof, big panic,” Bauk recalled. “And then after COVID, we started seeing people understanding supply chains, and all of a sudden everyone's going, ‘Hey, we've really got to get away from being reliant on one country — we need diversity of suppliers.'”

Bauk said governments in North America, Europe and Australia have begun focusing on creating domestic supply chains for REEs, but considering how long it takes to put a new mine to production, the political will must remain consistent.

“It needs an attention span that runs for a decade or two to really see through the development of alternative supply chains around the world," Bauk explained. "And we need the US government, the Australian government and other governments to really stimulate and support the growth of this industry.”

Watch the full interview with PVW Resources Executive Director George Bauk above.

Disclaimer: This interview is sponsored by PVW Resources (ASX:PVW). This interview provides information which was sourced by the Investing News Network (INN) and approved by PVW Resources in order to help investors learn more about the company. PVW Resources is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with PVW Resources and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

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