RE: word out of DOD"Of the five remaining REE companies that at present do not reduce the rare earth oxides to metal, two currently are closest to have the experience and equipment needed to reduce the oxides; two others could reduce REO in the future but “gaining capability might be time and cost prohibitive”. The last company intends to acquire capability for REO reduction."
So which one of the above is Ucore? Any thoughts?
An update to the story can be found here:
https://blogs.barrons.com/stockstowatchtoday/2011/10/06/molycorp-spikes-after-pentagon-highlights-rare-earths/?mod=yahoobarrons
The article states that "We believe that if the US DoD decides to enter into an off-take agreement with any company, it will likely be Molycorp. But any off-take agreement, broadly speaking, would benefit the entire industry.”
Does this mean the Pentagon would buy rare earths from various producers (possibly ucore) and then get Molycorp to process it? Or does it mean corporations will need to look at producers other than Molycorp since Molycopr may have a deal with the Pentagon?