How does ARU compares with REE, page-31

Rare earths demand to get another kick up on multi-trillion-dollar cash injections from US, Europe


Proposed North American rare earths listing is a value indicator

Developments in the private sector have also brought rare earths to the forefront, with MP Materials — the owner and operator of Mountain Pass, the only large-scale rare earths mining and processing site in North America — pushing ahead with a $US1.5bn listing on the NYSE through a merger with Fortress Value Acquisition Corporation.
That MP is confident about such a large listing amid the challenges of the COVID-19 pandemic highlights the growing interest in ensuring supply chain security, particularly for rare earths such as neodymium-praseodymium (NdPr) that are critical for the manufacture of permanent magnets.
Arafura Resources (ASX:ARU) general manager exploration and development Richard Brescianini told * that MP’s move indicates there was probably a lot more liquidity in the market than expected.
“We think there is plenty of pent-up demand in this sector and maybe that’s what MP Materials is going to be accessing,” he explained.
Brescianini acknowledged that while Arafura still needed to make progress on securing offtake and progressing development of its Nolans NdPr project in the Northern Territory, the MP move was a hint at the kind of value that the company could eventually realise.
“If this thing (MP) is worth $US1.5bn and Lynas Corporation (ASX:LYC) is worth $1.7bn, what should Arafura be worth once we get up and running

https://$tockhead.com.au/resources/...illion-dollar-cash-injections-from-us-europe/
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