Ann: Tranche 2 Placement Completion, page-6

The civilian political thinking around Australia's REE industry can only be described as opaque.

Ditto for the military calculus. An Australian Strategic Policy Institute defence wonk offers an opinion:

https://www.aspistrategist.org.au/how-australia-with-friends-can-secure-its-place-in-critical-minerals/

Albanese has just thrown $2.4b at the Whyalla Steelworks, so there is an appetite for political intervention, though whether this survives the coming election is an open question.

NTU will need financing to build the mine and concentrator. Creating a Western REE supply chain benefits N America, Japan, S Korea and Europe as much as Australia. A modest contribution from each of them for supply guarantees would be in their national interest.

Will this be forthcoming?

Ash