The rare earth miner aiming to be the best alternative to China

00:00 Speaker B

Rare earths? What’s the title?

00:01 pras

Yes, a very impressive article by me in today’s Yahoo Finance early morning issue. But basically they are called rare earth elements. REEs, right? It’s an important material found not only in things like batteries, but also in wind turbines and electric motor parts, as well as fighter jet parts. You need these, these are heavy and light, different types of metals, ah elements. You need both. The problem is that China dominates the market. Not only in light, but also in the more important heavy elements. They basically have all the ingredients and processes. So what’s happening now is we’re seeing more resources from China coming online to do this. It’s a company called Brazilian Rare Earths that I talked to the CEO about. He was recently in New York for a visit. I talked to him about what they want to do and they have a big reserve in Brazil. What they are saying is that when this comes into play in 2028, we will have the highest purity or grades of both heavy and I’m sorry heavy and light elements. It is, but you know, there’s a lot of bullish sentiment there. The stock is up 80% this year, something crazy like that. However

00:58 Speaker B

Wow. Yes, look at this chart.

00:59 pras

But these sites take years to develop, and it takes years to streamline operations. So it’s a long-term bet, but what’s happened is we’ve seen US companies take stakes in companies like MP Materials. They put the shares they bought into it. In other words, we see that not only companies, but companies, countries, everyone are trying to obtain resources from China.

01:17 Speaker B

And investors are moving in, too. Thank you Pras. Appreciate it.