The securing of feedstock from VTRE will enable KMP offtakes to be reached over next 6 months - as we knew but becoming more certain it seems
First sale of NdPr metal was made second half of last year to a local Korean company - who was that? - I thought NS World but they are a buyer of NdFeb I would have thought?
Very close to securing the offtake for a NdFeB alloy sale to the US
Have been buying feedstock on the spot market until now but always have been looking for a long term partner - now VTRE
Although initial agreement with VTRE is 100t by years end, also in talks re other opportunities including HREE oxides and well advanced in discussion for a long term supply agreement
Talking to potential customers re KMP products (metals or alloys) from Korean, Japan, US and Europe
Very active talking to offtake partners for Dubbo products - due to go into production in 2027
Mid next year for EPC quote from Hyundai
Dubbo offtakes will be the first step in funding, to be in place by second half of 2023, leading to a FID in second half of 2024
Interest from Korea has always been strong but growing interest now from US, Europe and Japan
Very active discussions and even in the other non-REE Dubbo products, including zirconia and especially hafnia
All sounding very positive to me!
ASM Price at posting:
$1.04 Sentiment: Buy Disclosure: Held
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