- The Chinese were smart enough to see it 30 years ago and now have an 80% of global REE production. - Now that the emerging markets are seeing an increase in demand every man and their dog is outside trying to release a grades-based announcement. - The Chinese will not be buying from Australia IMO - They have a workforce which will extract the REE for minimal profit margins. - They can look to Africa and Russia - As if they are going to allow Australia to be in the game like they are with iron ore....
What does this mean for West Australian REE production?
IMO - Grades to raise interest, rinse and repeat without a path to production.
It's a 30 year turn around. I am looking at short to medium term turn around.
Not for me to tie my wealth up for eternity.
AIMO
MRD Price at posting:
0.4¢ Sentiment: Sell Disclosure: Not Held
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