China’s scrambling to boost domestic reserves base, secure #rareearth feedstocks from abroad
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At home, in Laos, in Malaysia, in Africa and Australia:
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#rareearths #ndfeb #criticalminerals
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At home, in Laos, in Malaysia, in Africa and Australia:
🧵⬇️
#rareearths #ndfeb #criticalminerals
Earlier this month, China’s Minister of Natural Resources revealed that the nation will soon launch a new round of domestic minerals prospecting and investment to boost the nation’s reserves base and bolster long-term supply security….
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scmp.com/economy/china-…
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scmp.com/economy/china-…
In October, Shenghe Resources and Peak Rare Earths signed an MoU for offtake of concentrate supply from the latter’s Ngualla project in Tanzania…
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themarketherald.com.au/peak-rare-eart…
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themarketherald.com.au/peak-rare-eart…
Around the same time, the Australian press announced that VHM had also inked a deal with Shenghe for concentrate supply from its Goschen mineral sands project in Australia.
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afr.com/companies/mini…
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afr.com/companies/mini…
Moreover, in September of last year, Chinese #rareearth major Xiamen Tungsten announced a JV with Laotian company Chifeng Gold to cooperate on development of #rareearth resources in that nation…
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yicaiglobal.com/news/xiamen-tu…
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yicaiglobal.com/news/xiamen-tu…
And most recently, earlier this month MBI Kedah signed an MoU with Jangka Bakat Minerals and Xiamen Tungsten to cooperate on exploration and establishment of #rareearths production in Kedah, Malaysia.
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freemalaysiatoday.com/category/natio…
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freemalaysiatoday.com/category/natio…
As noted to clients in recent report:
With domestic heavy #rareearth resources dwindling, production quotas flat, feedstock imports from Myanmar wavering and feedstock imports from the U.S. about to recede…
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adamasintel.com/subscription/e…
With domestic heavy #rareearth resources dwindling, production quotas flat, feedstock imports from Myanmar wavering and feedstock imports from the U.S. about to recede…
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adamasintel.com/subscription/e…
…we are not surprised to see China’s majors actively looking abroad to bolster future mag-REE inflows...
...although we do not see potential for these efforts to fully replace Myanmar and the U.S. in the foreseeable near-term.
...although we do not see potential for these efforts to fully replace Myanmar and the U.S. in the foreseeable near-term.
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