In a special InvestorIntel interview, Publisher Tracy Weslosky and Simon Britt, President and CEO of GeoMegA Resources Inc. (TSXV: GMA), talk about heavy rare earths, permanent magnets, and Chinese domination of the market. It is noted that though China controls roughly 95% of the market in refined rare earth oxides, they only have 20-30% of the deposits. They go on to discuss the increasing tensions between China and Japan over the Spratly Islands, the recent deal between Molycorp and Siemens and the need for a sustainable industrial metal supply chain in North America.
Click here: https://www.youtube.com/watch?v=2Oe6kyKxlyo&feature=youtu.be