Niocorp Developments Ltd (NB)

[chico237]

China calls on rare earths companies to bring prices back to "reasonable" level
https://www.reuters.com/business/china-calls-rare-earths-companies-bring-prices-back-reasonable-level-2022-03-04/

BEIJING, March 4 (Reuters) - China summoned some key rare earths companies amid continuously-rising product prices and urged them to ensure a steady supply chain to help cool prices, the regulator said on Friday.

The Ministry of Industry and Information Technology said in a statement that it had instructed producers including China Rare Earth Group, China Northern Rare Earth Group (600111.SS) and Shenghe Resources (600392.SS) to regulate their operation and trading, and to prevent any market speculation or hoarding.

The authority also urged the companies to take a lead in promoting a pricing mechanism for rare earths products and jointly bring prices back to a reasonable range, it said.

Prices of rare earths, a group of 17 minerals used in electric vehicles (EVs) and military equipment, have surged since the second half of 2021 amid concerns of supply uncertainty from Myanmar and strong demand.

The Chinese price of praseodymium-neodymium alloy used to make super strong magnets for EV motors has powered 32% so far this year to 1.38 million yuan ($218,395.90) per tonne.

A price index issued by the Association of China Rare Earth Industry stood at 429.4 on Friday, hovering around its record highs.

Shenghe Resources owns a 10% stake in MP Materials which currently ships all of it Rare Earths to CHINA for separation. The U.S. govt. recent actions DoD Awards $35 Million to MP Materials to Build U.S. Heavy Rare Earth Separation Capacity FEB. 22, 2022
https://www.defense.gov/News/Releases/Release/Article/2941793/dod-awards-35-million-to-mp-materials-to-build-us-heavy-rare-earth-separation-c/source/GovDelivery/

Will a Private Partner/s or "Other" entity step up to the plate & sign a "DEAL" with Niocorp once the REE resource estimate & updated F.S. are completed?

Front row seats... getting close to "SPRING TRAINING 2022!" Waiting to see the REE CURVE!!!

Chico