Australia bets big on rare earths after China sparks panic (AFR article today)

US determination to compete with China and to derisk supply chains ensures some financial support will continue no matter who is president.

"In the US, American Rare Earths (ARR) is listed on the ASX but focused on its attempt to develop a rare earths mine in the mining-friendly state of Wyoming. After releasing its scoping study this month, its managing director, Donald Swartz, is in Australia to talk to investors about the benefits of its particular allanite minerals geology in Wyoming enabling the company to apply simpler, cheaper conventional technology to develop its rare earths resource.

As well as the ability to access US tax credits, US agencies are also helping finance a joint venture research effort into more efficient processing technologies. Swartz maintains there’s more understanding of rare earths among Australian investors than in his home country." - QUOTE