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Automakers look to hedge against China's rare earth dominance japantimes.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantimes.co.jp Daily Mail and Mail on Sunday newspapers.
This Morning in Metals: Alcoa announces restart of aluminum smelter idled since 2015 agmetalminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agmetalminer.com Daily Mail and Mail on Sunday newspapers.
2021-07-13 by Proactive Australia Arafura Resources Ltd (ASX:ARU) is steaming ahead with its Nolans Neodymium and Praseodymium (NdPr) Oxide Project in the Northern Territory with a planned $45 million fundraise to fund front end engineering and design (FEED) activities. The company is targeting the commencement of FEED activities in the second half of 2021. A final investment decision is expected by the second half of 2022, when the NdPr market is poised to enter a deficit, thanks to underinvestment in the rare earth oxides supply chain, while first production is targeted in late 2024. The Nolans Project is set to be Australia s first vertically integrated source of separated rare earths oxides and the world s second-largest scale non-Chinese source of rare earths. ....
The company is targeting the commencement of FEED activities in the second half of 2021. A final investment decision is expected by the second half of 2022, when the NdPr market is poised to enter a deficit, thanks to underinvestment in the rare earth oxides supply chain, while first production is targeted in late 2024. The Nolans Project is set to be Australia’s first vertically integrated source of separated rare earths oxides and the world’s second-largest scale non-Chinese source of rare earths. Arafura is targeting for its Nolans Project – a shovel-ready world-class NdPr project - to supply 5-10% of the global demand for NdPr oxide. ....
Australia has a huge amount to gain from taking advantage of its natural abundance of critical minerals and positioning itself as a world leader in their production. But the federal government hasn’t yet landed on the right formula for providing support to ensure that as many of these projects get off the ground as possible. Critical minerals, as defined by Geoscience Australia, are ‘metals and non-metals that are considered vital for the economic well-being of the world’s major and emerging economies, yet whose supply may be at risk due to geological scarcity, geopolitical issues, trade policy or other factors’. ....