Victor Vescovo
👤 PersonAppearances Over Time
Podcast Appearances
They know all the secrets of how to do it efficiently.
And they have a government that's dedicated to dominating that market.
So you can see for America to actually break that supply chain.
It's not where you get the rocks.
It's not whether you get them from Indonesia or Australia, where you can get a lot of nickel ore, or the seafloor.
What matters is where you process them.
And oh, by the way, it's extremely environmentally toxic to process these metals.
So to break a metal supply chain, whether it's nickel or cobalt or many of these others, you would have to make massive multi-billion dollar investments and subsidize them going forward to break that monopoly for higher cost,
Nobody wants metal processing facilities in their backyard.
You'll face environmental lawsuit after environmental lawsuit, people saying, not in my backyard.
And you'll be faced with an adversary that's going to fight on price.
And again, it doesn't matter where you get the ore.
The metals company in mining the seafloor is irrelevant to that equation where you process it.
But the United States, I don't think we really understand the commitment you're going to have to make to fight the deeply entrenched economic advantages that China and its allies have over the U.S.
Trust me, I want to do it as much as anyone.
I've invested in Astroforge, which is completely different.
There, we're going for platinum group metals.
They're not even the same metals.
They're completely not the same thing.
But the issue is I'm an American.