@copperroad News is definitely firing up in the Rare earths sector at the moment.
China is not to be underestimated. It's nauseating to me, but they're the foreign investors that are actually doing the deals today.
VHM Limited from Victoria - announced today they're going to sell most of their future product to China's biggest importer of rare earth's concentrate Shenge.
VHM plans to build a rare earths mine at the Goschen deposit near Swan Hill in Victoria and the company said Shenghe had tested samples from the region before striking today's agreement.
Shenghe also acquired 19% of Peak Resources this year.
Shenghe's buying spree comes after Iluka announced last week they're going to help fund a new mine being proposed by Northern Minerals.
Iluka is going to build a new mine in WA with a taxpayer funded loan worth more than a $1 Billion.
And if anyone is watching WA1 Resources up @ 400% after announcing it's discovered carbonatite in WA it's a great time to be a DRE shareholder!
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