Nope, it’s a lovely rare earths find. High in magnet metals, in an ionic clay (which has markedly lower processing costs) and, well, you know, super.
It’s just that there are some 10 or so companies announcing ionic clay finds in Australia alone over the past two months alone.
That’s the not-very-rare-earths then.
As I’ve been saying, Earth’s a big place. All of it made up of some combination of the same 92 elements. We’ve really not got a shortage of anything very much. Therefore prices based upon assuming a shortage aren’t likely to persist.