Commerce Resources Corp V.CCE

Mexicomike: China to weaponize supply of REEs

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a November report, Zhang Rui, an analyst at Antaike, a government-backed consultancy in Beijing, said that US weapons makers could be among the first companies targeted by any export restriction. China’s foreign ministry said last year it would sanction Lockheed Martin, Boeing and Raytheon for selling arms to Taiwan, the self-ruled island that Beijing claims as its sovereign territory. The proposed guidelines would require rare earth producers to follow export control laws that regulate shipments of materials that “help safeguard state security”. China’s State Council and Central Military Commission will have the final say on whether the list should include rare earths.

Now if this does come to pass, CCE will surge above a buck in no time. That would still only be above 10 cents in pre-consolidation shares, and the previous time that China screwed around with REE exports CCE was well above a dollar. So it could easily get there. I have no doubt China will threaten to play that card but I think it ends with threats. Perhaps the government policy planners will get off their asses and support advanced domestic development candidates like CCE so there is something good that can come of this.

cheers!
mike