It is the same company which holds a stake in Mountain pass, California, which got major US investment backing.
Chinese companies like Shenghe are the only ones with the techinical background
to establish a working processing procedure.
The West has neglected to accumulate expertise for decades in this area which now comes to haunt us.
In the interim, to capitalize on Chinese expertise in the field is a must, until we are able to
create our own supply lines, which we are in the progress of doing so.
GML will engage in European based processing for its raw materials, see the EU
initiave this year towards such independence from China.
After dilution, the percentage holding of Shenghe has dropped below 10 %.
Welcomed side product of the CR, replacing this percentage with US and EU based investors?
I guess so.
all IMO
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