China’s challenger:
Next up on our list is an Australian company called Lynas Corp (OTC: LYSCF). As you can see, it has shares that trade on the U.S. OTC markets, and it’s the largest producer of rare-earth elements outside of China.
The company has a partnership with private Blue Line Corp. to develop rare-earths processing plants in Texas because we can’t be independent if we’ve got to send our rare earths to China for processing.
The joint venture has been chosen to receive funding by the Pentagon from the DPA, although neither the company nor the Pentagon has disclosed how much.