00:00Our challenge is the same challenge that a lot of other advanced economies have right now with this incredible chokehold, not just on critical minerals, but particularly rare earths, particularly heavy rare earths that are the foundation of magnets, which go in everything.
00:16Why doesn't the U.S. just ease up on some of its regulation like China in order to get things done quickly?
00:22Policy plays an enormous role. And the first thing we need to do is actually understand that we can't do a fragmented approach to this because you end up losing innovation that might actually change the chessboard entirely with China.
00:37You also have to deal with waste from a policy basis because we actually don't track waste. It's very hard to find data on how much e-waste the U.S. produces. We ship some of it to Asia. That is very likely fed back into China's massive recycling machine.
00:56We shouldn't be exporting, if you consider this as America's next mine, maybe restrict the exports till we know exactly what value is hidden inside all of the stuff that we're exporting.
01:05And then come up with a whole strategy that is a critical minerals innovation strategy that sits alongside our other critical minerals strategy.
01:14Where are the valleys of death? Where do we find them? How can we solve them?
01:18How can we use government as a pull to get companies together in consortia to actually have those offtake agreements early on and also work with the material engineers to design what they're going to need earlier on in the process?
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