AI boom at risk from Hormuz disruption, Lewnowski says—CNBC interview
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The AI boom is threatened by potential disruptions in sulfuric acid supplies due to instability around the Strait of Hormuz, according to Oskar Lewnowski, CEO of Orion Resource Partners. This could impact critical mineral production and company earnings by Q4. Mining companies reliant on imported sulfuric acid are particularly vulnerable, highlighting a paradox where advanced technology industries depend on traditional mining. The backlog of mining projects exceeds $800 billion, and Western nations lag behind China in securing critical mineral supply chains.
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