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Cobra Resources PLC on Monday said it expects China’s new export controls on rare earth elements to tighten global supply, but not to halt exports entirely, creating a potential pricing tailwind for its South Australia project. The mining company said China’s decision on Friday to restrict exports of certain rare earth products in response to US tariffs is likely to slow and reduce shipments, particularly of heavy rare earth elements such as dysprosium and terbium, which are used in defence, electronics and consumer goods. Cobra said it is ‘well positioned’ to benefit from any resulting increase in rare earth prices and demand. The company is developing the Boland project in South Australia, which it said is enriched in heavy rare earths and suitable for in situ recovery methods. Managing Director Rupert Verco said: ‘Cobra is uniquely developing what aims to be the world‘s first in situ recovery rare earth mine outside of China, that will enable it to be cost competitive with China, with high environmental stewardship.’ Bench-scale testing has shown that Boland’s mineralisation is amenable to in situ recovery, a method long used to extract uranium in South Australia. The company said this technique could offer a low-cost and non-invasive alternative to traditional clay ore processing. Shares in Cobra Resources were up 14% at 1.08 pence in London on Monday afternoon. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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