Biden plans of huge royalties to miners in USA, slowly the plan to own it all.

Executives say Biden’s goal to have 35% of U.S. electricity generated by solar panels – up from 3% today – would be all but impossible without new mines. Silver is used to make photovoltaic cells. “This royalty proposal is really inconsistent with being able to grow production and meeting the demands for silver to green the economy,” said Phil Baker, chief executive of Hecla Mining Co , the largest U.S. silver producer. Baker said he will close mines if the proposal is approved.

 

https://www.kitco.com/news/2021-09-16/U-S-miners-decry-mineral-royalty-plan-floated-in-Congress.html