Keep pulling the thread on Dan Dreyfus.
The United States requires trillions of dollars of investment to address its fragile infrastructure and achieve its technological, reshoring, and national security objectives.
Boeing and Airbus have a combined backlog of one trillion dollars over the next 10 years.
The market for data center infrastructure and their required commodities is now one trillion dollars per year.
In April 2023, China announced it would restrict exports of critical materials to the United States, including samarium, gadolinium, and silver.
China's export cutoff of samarium-cobalt magnets brought Ford Motor Company within days of a complete production line shutdown.
The US Department of Energy is directly investing equity into small resource companies in the US and Canada to help them develop new mines.
The US government is fast-tracking permits for critical mineral mining projects that have been stalled for years.
The US government is offering take-or-pay off-take agreements with minimum floor prices to new mining projects to guarantee a high internal rate of return.
It will take the United States at least 10 to 20 years to catch up to China's dominance in critical minerals processing.
A 1-gigawatt AI data center requires 50,000 tons of copper.
The construction of 15 gigawatts of new AI data centers annually will require 750,000 tons of copper per year.
The global copper supply grew by only 500,000 tons last year, which is less than the projected annual demand from new AI data centers alone.