A 20% TREO mixed concentrate won’t help those companies. They need magnets.
20% mixed concentrate - separated REO - Nd/Pr metal - magnets. All done in China courtesy of Shenghe. Unfortunately that doesn’t help Western governments ambitions to break Chinas monopoly over the REE industry.
It would take billions of dollars and plenty of time to create a ROW mine - magnet supply chain from scratch. And even if by some miracle that happens, it won’t be competitive against China.
Next best thing would be MP materials. And they can attempt it because they bought Molycorp legacy assets for peanuts. Long way to go before it can be called a success. Probably end up like Molycorp with current depressed RE prices.
Guess we can only dream…
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