Let's make the prices more predictable and less erratic so that we can support the domestic supply chains and the investment that makes those supply chains possible. Now, Across Europe, North America, there are dozens of mining and processing initiatives that have been suspended or completely abandoned because sustained price weakness makes financing impossible. Time after time, advanced economies with deep capital markets are finding that projects cannot clear costs. The same story plays out elsewhere around the world in resource rich developing economies. (06:19–06:32)
CLAIM
Asserts that many mining projects in Europe and North America are halted due to weak prices.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
