On the face of it, sounds good, though there's no meat on the bones. In light of current geopolitical tensions I am ambivalent about this. The cynic in me says this is a strategy by China to continue to control the reins on rare earths. Would far rather have seen Lynas invest, for example. Any investment in REE in Australia will not get FIRB approval. Shenghe need feedstock as Chinas clays are declining.
Don't get me wrong, I am a holder, but I'm not keen on this strategy. China and the rest of the world are diverging in outlooks, policies and views.
Ann: RareX Executes Landmark MoU with Shenghe Resources, page-14
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