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China's REE strategic reserve -sensible in face of dwindling supply of HREEs
"The Chinese announcement of a strategic reserve is considered by many experts to be the next most logical step for a country that has already made clear that it is rapidly depleting some of its most important strategic minerals (namely, HREEs).
In turn, the reserve is also consistent with the needs of an emerging super power that may well become a net importer of these minerals within the next ten years. When a national consumer runs low on critical resources, it will logically martial those assets for fear of supply disconnection or interruption. In truth, China is only doing what many believe that the U.S. would do in identical circumstances. In our opinion, the Chinese announcement of a reserve, inasmuch as it is an indicator of the dwindling supply of HREEs in the world trade arena, can only mean that prices will progressively rise over time." More And this is where Australian rare earths come into play.... most USA rare earth commentators either neglect to mention or don't understand just how richly Australian ASX listed companies are endowed with rare earth deposits. Moreover Australia has abundant heavy rare earths and several companies that are on the verge of production. These compnaies cover the spectrum from large cap to micro-caps. We have spent the last 5 years looking at Australian rare earths and happily share our knowledge at www.australianrareearths.com.
Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice. |
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