Investors have built up record long positions, fueling a six-month rally that has seen the LME three-month metal trade this week above the $2,900/t level.
China has begun designing a new rare earth licensing regime that could speed up shipments, but it is unlikely to amount to a complete rollback of restrictions.
Quantum Leap Energy, wholly owned by ASP Isotopes, is offering the notes in a private placement, and has raised about $64.3 million in an agreement with certain investors.