China demand for REE is mushrooming!Very interesting Read Articla and quotes below! Seems that REE demand will double within two years (by 2020). To me thats very nice! Soon I believe that Kiril will give us that much anticipated news. It has been a long road owning this stock and painfull. But lets hope Kiril will deliver next week!
Also interesting is that China is taking and investing in other Rare Earth plays as stated within the article wow...
Lets hope Geomega has some news of great significance and hopefully this will attact some great attention and keep this a strategic REE play for North America ONLY! Battle lines are being drawn up for what seems to be more trade wars comming.
Still to this day I do not understand why we are even trading with China? Why would we enrich them so they would challenge us in the near future economically and Millitarily. Anyway I digress...
BUT I will leave you with a quote from
Mr. James Dines: “Just look back at Bitcoin. Nobody wanted them at $10, or $100, or $1,000, or $10,000, but at $19,000 you couldn’t hold people back, they came pouring in. It was popular. So the lesson is, you don’t buy when they are popular, you buy when they are unpopular. And that’s what’s happening to gold…"
So can we take the above quote and relate it to GMA stock and apply that lesson to buy GMA when the stock is unpopular the new GOLD(see quote below)? I cant say for you, but for me, unequivocaly YES!
Cheers all.... GLTA https://eandt.theiet.org/content/articles/2018/03/rare-earth-elements-the-global-battle-for-precious-metals/
Highlights:
"Some analysts believe rare earth elements could be ‘the new gold’ and prices are soaring, but the supply chain remains complex and troubled." "The market for rare earth elements (REEs) is set for massive expansion, with optimistic but feasible forecasts pointing to a doubling in global demand by as soon as 2020. But as that process gathers pace, there is a looming threat that there will be winners and losers – and that the West is already finding itself on the wrong side of the line."
"At the same time, China was already the world’s largest REE consumer at 67 per cent, but its demand is now mushrooming.
The Middle Kingdom’s commitment to the Paris Agreement on climate change – and demands from its population that the government do more to combat domestic pollution – mean that Beijing has mandated heavy investment in EVs both for private cars and public transport (and in that second category, it is worth noting that China has 102 cities with populations over one million)."
"Meanwhile, the EV market is being fuelled by Chinese state direction, where sales are already running at twice the rate in the US. Beijing recently sought to mandate that EVs account for 8 per cent of all domestic car sales by 2020, although local and foreign OEMs are lobbying the government that the target is too ambitious. Compliance would assume annual sales of approximately 2.5 million EVs by the target date"
"Last May, the US Congress heard that the Department of Defense alone requires more than 700 tonnes of REEs every year"