Glencore, Other Experts Say US Permitting System Holding Back Domestic Battery Metals Industry
Portfolio Pulse from Matt Whittaker
Experts, including an executive from Glencore ADR (OTC:GLNCY), highlight that the U.S. permitting system is hindering the domestic battery metals industry. They argue that the slow permitting process creates uncertainty, making it difficult to attract capital and develop projects, which in turn affects the supply chain for battery materials.
June 28, 2024 | 5:01 pm
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Glencore ADR (OTC:GLNCY) executives highlight that the U.S. permitting system is a major barrier to developing domestic battery metals projects. This could impact Glencore's ability to invest in U.S. projects, affecting its growth in the battery materials sector.
The news highlights the challenges Glencore faces due to the U.S. permitting system, which could delay or prevent their investment in domestic battery metals projects. However, the impact on the stock price is neutral in the short term as it reflects ongoing regulatory challenges rather than a sudden change.
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