Clint Cox: Digging for Opportunities in Rare Earths [View article]
I was interested in Lynas as well. But now CNMC (China Nonferrous Metal Mining) has bought about 52% of them. Since I wouldn't be too surprised if the Chinese government tried to secure Lynas' minerals below market price at some point my interest has moved away from Lynas. About 95% of the Rare Earths market are already in Chinese hands. Demand will grow and sooner or later the western world will realize that they need to, no, them *must* develop their own natural resources. So I think it might be more profitable to invest in projects outside of Chinese influence.
> www.lynascorp.com/ > Excellent information from an upcoming Rare earth producer/miner.
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I was interested in Lynas as well. But now CNMC (China Nonferrous Metal Mining) has bought about 52% of them. Since I wouldn't be too surprised if the Chinese government tried to secure Lynas' minerals below market price at some point my interest has moved away from Lynas. About 95% of the Rare Earths market are already in Chinese hands. Demand will grow and sooner or later the western world will realize that they need to, no, them *must* develop their own natural resources. So I think it might be more profitable to invest in projects outside of Chinese influence.
Jun 26 21:33 pm
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All Comments by EconoMarcus »Clint Cox: Digging for Opportunities in Rare Earths [View article]
> www.lynascorp.com/
> Excellent information from an upcoming Rare earth producer/miner.