My theory is the Chinese are in total control of rare earths and strategically they want it to stay that way. They know buying these Australian mines is politically unsavoury at our end but why make things hard - just sign off take agreements and let us pull it out of the ground for them. They'll store it or release it as required. At the same time we make money - they maintain control of the market. Interesting to see whether a Japanese company steps in after the pilot plant runs and offers the dough for the mine expansion??? Just thinking???
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