Rainbow remains confident of REE demand, prospects for its operations
Despite low pricing and the higher growth rates for plug-in hybrid electric vehicles (PHEVs) than for full electric vehicles (EVs), London-listed rare earth elements (REEs) project developer Rainbow Rare Earths remains bullish about demand and the prospects for its operations, particularly the Phalaborwa project, in South Africa. The company's CEO George Bennett also stresses the importance of countries and regions establishing independent and diversified supply chains for those critical minerals, including REEs, that are needed for decarbonisation, defence and other strategic purposes.
Despite low pricing and the higher growth rates for plug-in hybrid electric vehicles (PHEVs) than for full electric vehicles (EVs), London-listed rare earth elements (REEs) project developer Rainbow Rare Earths remains bullish about demand and the prospects for its operations, particularly the Phalaborwa project, in South Africa. The company's CEO George Bennett also stresses the importance of countries and regions establishing independent and diversified supply chains for those critical minerals, including REEs, that are needed for decarbonisation, defence and other strategic purposes.
