The War is on for Strategic Materials in France
February 23, 2014 — Jack Lifton, Sr. Editor of InvestorIntelReport provides a confidential synopsis for members of his participation last week in Paris at the French National Assembly Building (Parliament) for a roundtable “The War of Strategic Materials”. Attended by 20+ members of Parliament, plus an additional 250 members from the critical materials sector. Jack offers commentary and conclusions on his respective understanding of what was achieved at this event.
For starter, France does not produce domestically any of the technology materials needed to maintain its technological society. Cognizant of the fact that they (the French) are completely reliant on the Chinese, and very well aware of the increasing demand required for the build out of some of the most sophisticated technologies, this is the second time in the last year that Jack has been asked to come and speak on the issues surrounding strategic materials. In this honest commentary by Jack, he lays the foundation for understanding how the French perceive this dependence, and their respective priorities as they have the “…most comprehensive rare earth supply chain outside of Japan. They have the only large total rare earth separation plant in the world and the longest running one…”
What is particularly compelling is Jack’s insight into the refinery leadership, abilities and processing capabilities. He touches on how there is only one active project in Europe for production of rare earths, which is Tasman Metals in Sweden. He also discusses that the two priorities discussed: 1) They do not want to be dependent on China (for raw materials or finished goods) and 2) They want to preserve their culture, and maintain industrial survival.
This commentary becomes even more fascinating when Jack discusses France’s role in producing most of the nuclear fuel for the world. To access this full interview, log into InvestorIntelReport, or click here to become a member
Get our daily investorintel update
Tracy Weslosky is the CEO for InvestorIntel Corp. and founder of InvestorIntel.com, a trusted source of online market information for investors in the capital markets, ... <Read more about Tracy Weslosky>