By earmarking a $1.5-billion corpus for developing alternative sources of rare earths, there is an effort to notch up joint venture partnerships to secure supplies of rare earth elements, with Japanese firms backed by the government entering into partnerships including between Sumitomo Corp and the Kazakhstan National Mining Co — Kazatomprom; Toyota Tsusho and Sojitz partnering with Vietnam’s Dong Pao project; Japan Oil, Gas and Metals National Corporation (JOGMEC) partnering with India to explore for REEs and establish a processing facility; and JOGMEC seeking investments in Australia’s Lynas Corporation. Advances in high-end technologies, depleted easy-to-reach minerals onshore have boosted the idea for offshore mining — mainly because metals can be fifteen times the quality of land deposits using these methodologies.
There appears to be plenty of deals still being done, and genuine non-Chinese interest and money in finding alternative sources of rare earths. Where there's a will there's a way.
P.S.
I could never trust a Chinese State Owned Entity again.
NTU Price at posting:
9.3¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)