Key Military Mineral Stores Depleted By Iran War Says US Mining Heads

Paul Andre Huet, chairman and CEO of Americas Gold & Silver, and Gary Evans, CEO of US Antimony, stated that a war with Iran would significantly deplete US critical mineral stores. They also highlighted how the surge in technology Initial Public Offerings (IPOs) has driven up demand for these minerals, despite a recent downturn in metal prices. Huet specifically pointed to silver as a key resource for the "new power revolution," driven by the increasing need for materials in artificial intelligence (AI) IPOs. The executives expressed concerns that current stockpiles may be insufficient to meet potential wartime demands and the growing needs of the tech sector. Their remarks suggest a potential vulnerability in the US supply chain for essential minerals, impacting both national security and technological advancement.