Niocorp Developments Ltd (NB)

[jeunke22]

Rio Tinto finished their ( recycling scandium ) demo plant in November 2022 and plan to ramp up to 12 t per year.
There is too little scandium oxide to satisfy a potentially huge pent up demand for the car industry. Maybe the fact that the China Aluminium Corporation which holds 11% of Rio Tinto and is the biggest institutional investor has something to do with this decision? Institutions hold more than 50% of Rio Tinto and wield disproportionate voting power. I think the US government ( and car and aviation industry) start to understand that 100% supply chain control is required and that a local scandium source and ( aluminium/ scandium alloys) processing facility is the best assurance that this happens.