Strengths of Geomega as per @GITI_SG on twitter,
“It is environmentally benign recycling, not messy mining. The project is feasible at current rare earths prices. No use and disposal of ten thousands of tons of acids for processing, but in-house recovery of >90% of recycling agents used. Geomega turns out only the hot items among the rare earths. This project helps alleviate the rare earths inherent imbalance of by-products, i.e. hard rock mining (massively) overproduces 9 rare earths products in order to meet demand of 5 hot rare earths products. 4 of the 5 hot rare earths products plus cobalt will be produced by Geomega through recycling. Geomega’s know-how is proprietary, not licensed from China. Different from other western recycling companies, who try to pry out grams of rare earths from consumer electronics at hugely disproportionate cost, Geomega will recycle industrial magnets in larger quantities and can therefore offer China-competitive prices.”