My reading has always been that one of the great obstacles getting RE projects up is that the Capex involved makes it uneconomic. Further, Chinese dominance of the market gives them effective pricing control.
This process could be a game changer - and that's before we talk about the clearly emerging strategic implications.
Perhaps the Prime Minster could spread a few of those extra defence billions in the way of ASM give the importance of REE in military hardware.
My reading has always been that one of the great obstacles...
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