The declaration under China's new rare earth regulations...

The declaration under China's new rare earth regulations that "rare earth metals belong to the state" is a clarion call to the ROW. The CCP has long in effect nationalised the rare earths industry - if it wasn't clear before, it should be now. Rear earth metals (including our own NdPr) sit at the top of the list of "critical metals" and it is a nonsense to suggest that the ROW will continue to allow one foreign state to control supply of the same. Zooming out - this year has already provided us numerous examples of the ROWs efforts to "decouple" from China and the political trends* sweeping the world are such that this decoupling will only accelerate.

1 July 2024. A new financial year. It's time for ARU to deliver and I believe it will.

*My personal view is that the financial commentary on this sector has failed to "read the tea leaves" so to speak - finance and politics are two distinct disciplines and rarely do adherents of each speak the language of the other.