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RareX allies with $6 billion China giant for rare earths growth – Stockhead
Special Report: RareX has taken a great leap forward, signing an agreement with global rare earths producer Shenghe Resources that opens up growth opportunities….
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Special Report: RareX has taken a great leap forward, signing an agreement with global rare earths producer Shenghe Resources that opens up growth opportunities.
The non-binding memorandum of understanding with the $US4.6bn ($6 billion) company establishes the framework for the formation of a jointly-owned rare earths trading company sourcing for rare earths globally outside of China.
Importantly, it could lead to Shanghai-listed Shenghe investing in RareXs (ASX:REE) flagship…
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