Arafura Rare Earths Ltd, page-1047

Yes, the language is interesting from K Beazley.

Where we use to discuss mine to magnet. It’s now mine to missile.

Kevin rightfully pointed out how the Chinese will take profits anywhere along that supply chain.

Ie they can sink their competitors by manipulating the price either at the mine, at magnet stage or at missile. Then make profits at a stage of the production where they have limited competition from foreign countries.

Kevin was very clear with his language. That Australian government needs to spend billions - and not worry about making profits - to support our allies.

Potential Rare earth mines in Australia which he labelled as about 5, were equal to purchasing military vessels. His message was very clear in that the government must act now.

Quite the powerful/moving speech.