China has the biggest REE resources in the world. China is the world's biggest (c. 85%) refiner of REE (& Ni) into chemicals etc. for EV & renewables' storage batteries, & other renewable applications- & military & defence applications etc.
China, taking advantage of its above dominance, has, for decades, also used economic coercion, bans, IP, patent & technology theft etc,. to further it economic & political ambitions.The latest was its 3.7.23 ban on export of many REE gallium & germanium products (which it also has dominance in). See my link below.
This will further reinforce the increasingly strong & publicly proclaimed belief by many western etc. countries that they must secure theircrucialsupply chains- particularly in Critical Minerals (inc. Ni), refining, & processing. They have decided (eg US 2022 IR Act, & the EU 2023 Critical Materials legislation, & other programs), toinvestmuchmore in "friendly" countries in these Critical Minerals etc-to ensure the viability & success of the decarbonisation revolution...& for their own Defence needs.
China, which has increased its threats to invade Taiwan, isnottrusted- & will very likely continue to use economic coercion against the West.
For QPM's DNi refined products, these geopolitical factors bode very well for the success of QPM.
QPM Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
