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2.50%

2.1¢ hexagon energy materials limited

Canadian REE explorers giving up in the wake of Chinese control of REE markets, page-5

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GreatWA

3,676 Posts.

379

20/01/20

14:16

Post #: 42473625
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Originally posted by DMG66: ↑

The current trade agreement does not involve Tb, Dy, Pr and Nd — the most commonly used, most valuable and important REEs in terms of REPMs, so will NOT have any negative impact on HXG or its JV partners plans to commercialise the RapidSX technology for downstream REE processing.

As far as I can tell, the recently signed trade agreement between China and US refers specifically to Scandium and Yttrium, neither of which are currently produced in the US, and neither of which are related to rare earth permanent magnet (REPM) production, which constitutes >90% of the value of the REE market.

The Pentagon remains committed to assist funding US rare earth and rare-earth permanent magnet (REPM) projects, part of an attempt to help create a domestic supply chain free from China.

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Aerospace has a 'magnetic' attraction for scandium - is the USA govt. giving up on Boeing?

HXG Price at posting: 5.7¢ Sentiment: Buy Disclosure: Held
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