logo-loader
Proactive Investors Australia

Alkane Resources develops rare earths project amid US-China battery supply chain struggle

Alkane Resources Limited (ASX:ALK) managing director Nic Earner speaks to Proactive Investors about the US Defence Force saying it would be looking to Australia to supply minerals for its future batteries and weapons.
 
"Many viewers will know that China supplies about 80% of rare earth magnet materials ... people are saying hang on a minute, there's a geostrategic struggle going on between the US and China," Earner says.
 
He continues, "China has actually intimated ... that this might be just one of the tools - rare earth materials and rare earth magnets - in that struggle."
 
"The US Defence is talking about getting proactive in that space and that's certainly seen investors and both state media and Western media react to that."

Quick facts: Proactive Investors Australia

Price: 0 0

Market: ASX
Market Cap: £0.00
Follow

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Minera Alamos announces 14-million-dollar deal with Osisko Gold Royalties to...

Minera Alamos (CVE: MAI) President Doug Ramshaw joined Steve Darling from Proactive Vancouver on Skype with details about a deal they have signed with Osisko Gold Royalties to help fund construction on their Santana project in Mexico. Ramshaw telling Proactive how the deal will work and the...

2 days, 5 hours ago

2 min read