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WES thinks they can do that themselves , or did when they put in an offer to buy LYCAustralia should work with Japan and Germany to develop rare earth factories in Australia, to send to Germany and Japan ( and possibly the USA) to make the magnets.
To allow this to happen it should be subject to major tax breaks and assistance with capital. We should make it clear that these companies have to be majority Australian owned.
so maybe the real question is who apart from LYC has commercial quantities of rare-earth mineral in Australia close to the beginning of extraction
ILU probably doesn't make the cut because they have only stock-piled one rare mineral , and one might think a viable project would need three or four highly desired minerals right from the start
what Australia probably needs is a reduction of regulations rather than 'tax-breaks