Rainbow Rare Earths Ltd at 121 Mining Investment Cape Town Conference Transcript
Hi, everybody. Welcome, and thanks to 121 for hosting this event and for allowing Rainbow to present.
So usual disclaimer. So I'm talking about rare earth, the rare earth project. And the Chinese decided 30 years ago that they're going to corner this market. And there was the statement made in 1992. And as you know, they've actually done that. And the whole world is looking for strategic sources of rare earth outside of China and to build a rare value chain outside of China.
We currently have two projects. One in Burundi, which has been in the trial mining for a couple of years, successfully producing a high-grade rare earth concentrate, which we export to China. And then we've also got the Phalaborwa Project in South Africa, which I'll talk to you. But as you can see, with current pricing, both the baskets of both our projects are far outstripping the long-term price forecasts for NdPr and we expect that to continue.
So I won't talk about the macro because everyone understands the macro, how good it is, and it's -- we
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