China controls three-quarters of the global market and nobody, especially investors, wants to mess with that
Somewhere on the outskirts of Montreal, Kiril Mugerman, chief executive of Geomega Resources Inc., aims to build a recycling plant that can produce rare earth oxides — the obscure set of elements that recently emerged as a flash point in the U.S.-China trade war.
Turning to recycling marks an about-face from the original game plan for his company, which spent millions of dollars trying to prove it could mine rare earths from a patch of land in northern Quebec.
It is also an industry that would attract the attention of the enviro-nutz.
