Yes it is. TMRC does not very much Neodymium, which Arafura has a lot of. This is why TMRC is looking to partner with Arafura. See this article:
https://www.globenewswire.com/news-release/2019/12/23/1963962/0/en/USA-Rare-Earth-and-Australian-Rare-Earth-Company-Arafura-Resources-Enters-Into-Strategic-Relationship.html
They have been planning it.
Also, there have been rumors about feeding their stock of future magnets into not only defense, but Tesla due to articles like this:
https://www.google.com/amp/s/insideevs.com/news/399281/elon-musk-tesla-gigafactory-texas/amp/
Ann: 2020 Activity Outlook, page-16
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ARU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $395.8M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.0¢ | $1.063M | 6.400M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24995 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 448096 | 11 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| ARU (ASX) Chart |