Proactive Investors - Run By Investors For Investors

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."
 
Meet White Rock Minerals Ltd and Meteoric Resources NL at our event, Melbourne , 27 August 2019. Register here »
View full ALK profile View Profile

Alkane Resources Ltd Timeline

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use