Wonder if the Australian Federal Treasurer will block this, similar to China's blocked attempt at buying up more % of Northern Minerals (NTU) last month.
One has to wonder why a Chinese company (likely linked to CCP) is investing in RE plays at current NdPr prices - particularly if there's "no supply deficit & other more economical projects". Seems clear that China has been manipulating RE prices in the attempt to stifle ex-China rare earth producers from moving to production - which has evidently worked.
With China's new vested interest in HAS moving toward production - Could this be a sign that China is ready to let NdPr prices increase ?
Does the term sheet impact the conditional approval from NAÏF and EFA loans? are there conditions not to sell more to China then already signed to Baotou ?
On one hand - we have a large strategic investor. On the other - it's a Chinese company that may impact our government backing to actually proceed with mine development.
Either way - China's investment in Hasting's indicates that our resource is world class and will proceed.
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