Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hello, I have just noticed your very informative post sharemister - great work :)
I am going to put all new info about China - USA relationship evolving around REE, sorry for posting again same stuff but now everything will be at one spot. Dawid :)
China cuts rare earths exports by 43% in Sept, builds stockpile - 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
(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-expansio
Mryfronts these REE’s you speak of... imho I don’t believe it matters wether they are directly on mt or not, if they are not then the buyer at mt will be able to apply for licenses all over kola. This is the ‘first mover advantage in kola pgm’ the company quoted in the last RNS.
Whilst the Kola Peninsular is very rich in REE's that doesn't mean they occur at MT.
They occur relatively close, closest identified seems to be a deposit called Mavraguba.
They could occur at MT although a fair amount of work was done to identify the certain rock types and when they were formed historically to highlight where best to go looking for them.
If anyone can add anything to confirm they have been found at MT and in economically mineable quantities then it would add value.
Afternoon all,
Exactly Mac! And going back to Rowka (a bit like marmite, you either loved him or hated him) he was quite right to highlight all the other elements we have, and I’m pretty sure that Absolute Precision will have confirmed those commodities in our data room for all interested parties
Can’t wait to find out, hopefully next week!!! Fri 30th for me
Ps please use the filter guys! People like guitar man just need filtering enjoy your roasts all!
Who wouldn't like to be a fly on the wall in the Data Room? AP will have boosted these numbers significantly, IMHO.
Stay strong.
Ignore the noise.
This will deliver BIG!!
"extraordinarily unique resource-rich region" - it's somewhat mind boggling tbh. The sale of that asset in particular, could not have been timed any better imho.
It's going to be very interesting to see exactly what lands on the deal table, because no assessment to date takes into consideration the REE's in the area.
GLA
Hi all, hope you are enjoying your weekend roasts & rums! This is my first post on here, I've been doing some research into REE's in the Kola Peninsula and I think the potential of this has been underestimated by the market. I've attached some links below for anyone interested in doing some more reading, but the Kola Peninsula seems to be an extraordinarily unique resource-rich region, with more or less everything a mining giant would ever want!
https://mrdata.usgs.gov/ree/show-ree.php?rec_id=202
https://www.researchgate.net/publication/240793855_Rare_earth_elements_in_rocks_and_minerals_from_alkaline_plutons_of_the_Kola_Peninsula_NW_Russia_as_indicators_of_alkaline_magma_evolution
A world-class PGM asset, which also contains plenty of base metals & critical Rare Earth Elements could lead to an offer price that beats most of our expectations. GLA, fingers crossed for an announcement next week!