Re rate happening, page-2239

Article in AFR today talking M&A for REE

Extracts below

https://www.copyright link/companies/mining/rare-earths-sector-ripe-for-m-and-a-in-rerun-of-lithium-saga-20230925-p5e7e1


Rare earths sector ripe for M&A in rerun of lithium saga

The dip in valuations comes as Lynas Rare Earths, the world’s biggest non-China supplier of rare earths, is on the hunt for a source ofheavy rare earths to meet its commitments to the US Department of Defence.

And Iluka Resources does not have a rare earths mine in its portfolio as it builds Australia’s first integrated rare earths refinery at Eneabba in Western Australia.

Other ASX-listed rare earths hopefuls have received the backing of iron billionaires looking to diversify, notably Gina Rinehart with Arafura Rare Earths and the Forrest family with Hastings Technology Metals.

On top of deals in rare earths, BDO predicts the raft of deals in lithium and other battery minerals in the past six months is just the start.

In the latest example of consolidation, battery metal hopefuls Australian Vanadium and Technology Metals Australia Limited unveiled a $217 million merger on Monday.The two companies have adjoining projects aimed at producing vanadium for flow batteries in Western Australia.