The Conversation (0)
UCore Rare Metals Inc. (TSXV:UCU) commented on the Chinese government’s recent implementation of a stockpile of critical rare earth oxides, including Dysprosium Oxide, Terbium Oxide, Europium Oxide, and Yttrium Oxide.
UCore Rare Metals Inc. (TSXV:UCU) commented on the Chinese government’s recent implementation of a stockpile of critical rare earth oxides, including Dysprosium Oxide, Terbium Oxide, Europium Oxide, and Yttrium Oxide.
As quoted in the press release:
This action by the Chinese Government to further control the supply of these crucial elements, all of which are considered to be critical by the US Department of Energy, further increases attention on the degree of exposure that the West has to supply interruption of a small group of critical metals.
Jim McKenzie, President & CEO of UCore said:
Ucore is actively pursuing collaboration with the U.S. government to accelerate the development of Bokan Mountain’s heavy rare earth resources, and is pleased with the progress of Federal initiatives to date. China’s prospective stockpile of some of the most critically threatened strategic metals to the US is a watershed event that will likely accelerate the development of domestic initiatives to protect the supply of these materials.
Click here to read the full press release.
