‘Process of assimilation’: Wall Street threatens ASX for critical minerals crown
A string of ASX critical minerals plays now have considerable financial backing from the US government. With that, the lure of a listing on Wall Street has followed.
The ASX spent decades cultivating a reputation as one of the friendliest exchanges in the world for emerging mining companies.
With deep pools of investors comfortable with concepts like nearology and cost curves, and a well oiled hype machine in the form of the brokers of West Perth, there were few better places for a speculative miner from Australia or even far flung locations abroad to list shares and raise capital.
Now in the age of Donald Trump 2.0 the ASX’s status as arguably the pre-eminent bourse for speculative mining stocks is under threat from an unlikely destination: Wall Street.
Against the backdrop of a geopolitical arm wrestle with China, the Trump administration has unveiled a swathe of measures this to strengthen the United States’ supply chain in critical minerals — key materials like rare earths used in everything from semiconductors to weaponry.
