RareEarth Movement
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China is currently pressuring South Korea to NOT sell Chinese rare earth product to the Americans. Where does POSCO currently source its minerals from?
Chinese are harassing Koreans
- Thread starter RareEarth Movement
- Start date
Well it has been reported that two Chinese Nationals have been arrested tresspassing onto the Malawi based Kangankunde rare earth project owned by Lindian (ASX: LIN). They presumably were stealing samples.
Link to the Australian Newspaper - Note there is a Paywall
China needs rare earths from outside of China to maintain its dominacne. ie it can't source it internally. So we have seen lots of attempted takeovers (ASX: ARU, ASX: NTU) etc.
But going back to you point. China knows that POSCO is setting up a purely ex-China rare earth/magnet supply chain. This will only be a part of POSCO's larger business. So what happens if China stops selling its other minerals to POSCO? Does POSCO scrap it's rare earth/magent plans?
I assume they war gamed this, and have back up sources for their other mineral requirements.
The recent visit of Xi to Malaysia was also telling. They would have been putting pressure on their Govt to give Lynas a hard time?
Link to the Australian Newspaper - Note there is a Paywall
China needs rare earths from outside of China to maintain its dominacne. ie it can't source it internally. So we have seen lots of attempted takeovers (ASX: ARU, ASX: NTU) etc.
But going back to you point. China knows that POSCO is setting up a purely ex-China rare earth/magnet supply chain. This will only be a part of POSCO's larger business. So what happens if China stops selling its other minerals to POSCO? Does POSCO scrap it's rare earth/magent plans?
I assume they war gamed this, and have back up sources for their other mineral requirements.
The recent visit of Xi to Malaysia was also telling. They would have been putting pressure on their Govt to give Lynas a hard time?
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