Niocorp Developments Ltd (NB): Chinese Scandium will be subject to a 10...

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Niocorp Developments Ltd (NB)

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Friday, 07/13/2018 7:16:33 PM

Friday, July 13, 2018 7:16:33 PM

Chinese Scandium will be subject to a 10% tariff, along with other rare earths, should Trump go through with his latest $200B tariff threat. This policy is idiotic for many reasons, but especially given the only currently mineable domestic source of REE’s is Chinese owned. Alas, this protectionism could propel Niocorp and is certainly newsworthy given Jim’s meeting next week. Below is a link to a Chinese article on this topic.

https://m.scmp.com/business/commodities/article/2155101/us-shooting-itself-foot-tariffs-chinese-rare-earth-elements

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