"Last year you couldn't move for bankers," one delegate told IM. "Now you can't move for people looking for bankers." "If you don't have an offtake agreement you won't get finance. If you don't have a strategic partner, you won't get the banks," James Kenny, CEO, said.
A tolling agreement between Russia's Solikamsk Magnesium Works and lrtysh Rare Earth Co. in Kazakhstan was signed in June this year in a decisive step towards developing Russia's rare earths industry.
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