Thanks mate. Think about Northern Stars position in this problem. If I was the CEO I would be saying to Jim Chalmers "are you for real, Lynas is selling China X amount of tonnes directly without them even needing mines" Then what. Remember Ludwig in the 2007-2013 governnment TOTALLY shut down nationally the live beef export trade the next morning after watching a four corners report on cattle cruelty in Indonesia. This is the calibre of our government and a little chance it could affect us. Now the government is getting its teeth into rare earths. Not iron ore, not Arnotts biscuits...rare earths and national security. I have only learnt via Pennys post of the percentage of rare earths going to China myself then this article from the AFR shows up. I hope Northern Star dont point out Australias sales to Jim Chalmers. I would if I was CEO nd remind him of free enterprise and why the live export trade resumed after many years of pain. It too has foriegn ownership. In saying that the government may leave the Northern Star alone alone. Whos lobbying behind it, most likely the yanks. Except the yanks probably havent worked out yet our government isnt smart enough to deal with it on free market terms. . Xi Jin Ping has.
LYC Price at posting:
$6.60 Sentiment: Hold Disclosure: Held
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