The "horse race" theme that I devised two years ago, with the winner to be the first to produce heavy rare-earth oxides (HREOs) outside of China, is now in the final lap. The smart money is on the smart management of Great Western Minerals Group.
The Mercenary Geologist sees an Americas-centric rare earth elements-processing cartel forming to create a supply chain independent of China and points to the top companies that could be big players in the next five years.
I guess that there's no need now to worry about the future supply of the rare-earth metals. Last week the Wall Street Journal reported that Goldman Sachs says the rare earth supply shortage situation will end in 2013.
The real question is how much of the higher costs of rare earths can be absorbed by the Chinese supply chain before increases in cost for value-add rise, to where a competitive supply chain can be economic in a foreign (to China) country.
During the current financial market meltdown Warren Buffet, the world's richest man (apparently he now has this title due to having made money during the last two weeks while his competitor for the number one slot, Bill Gates, lost some) bought 10% of a (PRC) Chinese battery maker, BYD Company Ltd H (BYDDF).