Monday, May 31, 2021 10:23:39 PM
"China's companies were looking for rare-earth investments overseas. East China Exploration planned to acquire a 25% interest in Australia's Arafura Resources Ltd., which had the Nolans rare-earths-phosphate-uranium project in Northern Territory, Australia. China Nonferrous Metals Mining (Group) Co. Ltd. agreed to acquire a 51.6% interest at Lynas Corp. Ltd. Lynas's Mount Weld rare-earth mining project was under construction in Western Australia. If the transaction is completed, China would continue to be the globally dominant player in the rare-earth industry in the future.
couple that with:
https://www.defense.gov/Newsroom/Releases/Release/Article/2488672/dod-announces-rare-earth-element-award-to-strengthen-domestic-industrial-base/
"Lynas Rare Earths Ltd, the largest rare earth element mining and processing company outside of China, has been awarded a Defense Production Act (DPA) Title III technology investment agreement to establish domestic processing capabilities for light rare earth elements (LREE). LREEs are critical to numerous defense and commercial applications, including petroleum refining, glass additives, and magnets used in electric vehicle drivetrain motors and precision-guided munitions. Upon completion of this project, if successful, Lynas will produce approximately 25 percent of the worlds’ supply of rare earth element oxides. "
The CCP may only purchased a 51% ownership in a non US property, but if they do, they will try to find some way to leverage their way into the US, a board member, a research scientist, a janitor.
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