The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Below I copy some interesting news about China - USA fight for REE/MRE from after midnight, so everything is mostly in one topic.
Have a good read:)
(ATF) China has threatened to create a rare earth blacklist as its trade war with the United States:
"... This means that if foreign companies are seen as to harm China's interests, or have links with related parties that harm China's interests, then Beijing will restrict or simply prohibit their export of strategic resources, most notably rare earths.
These foreign companies will be put on a "blacklist". "
Once this law is enacted, it will be the first time that China has used legal means to formally restrict the export of rare earths to "unfriendly" foreign companies.
Japanese companies 'may be at risk'
Japanese media said that the rare earth blacklist set up by China is likely to include US companies, and if companies from Japan and other countries support US export restrictions to China, they may also face risks.
https://www.asiatimesfinancial.com/china-threatens-rare-earth-blacklist-as-trade-war-expands
Both the United States and Russia are making efforts to catch up. The amount of rare earth produced in the United States has reached 26,000 tonnes a year, but of most of this – 19,353 tonnes were shipped to China for processing.
Russian demand for rare earth is also high. Although Russia has the world's second-largest rare earth reserves, its domestic rare earth production is low and the initial produce is also transported to China for processing.
It is understood that Moscow has invested heavily in the domestic rare earth industry and even reduced mining taxes and other policies to create an incentive to generate more production.
https://www.asiatimesfinancial.com/battle-for-rare-earths-escalates-as-pentagon-gets-involved
China’s rare earth reserves account for 23% of the world’s share and but supply 90% of the global market. China also has the world’s most complete rare earth industry chain, which means in order to make full use of the rare earth mined in various countries, they must come to China for processing, otherwise, a lot of resources will be wasted.
China plans big expansion of rare earth business:
Country has seen a 76% year-on-year increase in new firms involved in the sector in Q4 2020
China is boosting production in a bid to cash in on rising global demand for rare earth elements. Indeed, the sector has workers with perhaps the most experience in processing these elements anywhere in the world.
https://www.asiatimesfinancial.com/china-plans-big-expansion-of-rare-earth-business
Mac, I agree with your post about REE's being overlooked. These at MT will add tremendous value and I believe we will all be pleasantly surprised.
Off to prepare the roast. Sunday rums later. GLA.
Rowka used to try and highlight the REE's a lot in his posting. It was something that was perhaps over looked for quite some time to be fair. It all makes Monchetundra a massive prize to any big metal miner out there, it's a very unique type of resource which is full of all sorts of goodies that practically everyone is after.
As China are making their moves, other world players are moving to try and counter it. It will be very interesting to watch the bigger picture of it all over the next 5 years.
GLA
Hi stix40,
That could be seen as something of a politicians reply in that it didn't really answer whether we had REE's.
We have enough already to be valued highly and having the diversity of our products even without REE's is a good bonus.
Morning Mr Yfronts
I emailed EUA and asked about their thoughts on press of late talking about REE's and their reply was that they are glad they have a very diverse basket of metals , compared to some companies that specialise in a certain resource .
gla
It was Rowka who seems to have first raised the REE thing but I am not aware of EUA mentioning it regarding any of our license areas and whilst the Kola Peninsula is an area that is rich in REE's that doesn't mean we have them.
'US military control'
The US is putting rare earths under military control as a strategic move. But this process will take some time.
https://www.asiatimesfinancial.com/china-cuts-rare-earth-exports-by-43-in-sept-builds-strategic-stockpile
EUA - who is fighting for our resources