https://www.gov.uk/government/news/uk-to-expand-submarine-programme-in-response-to-strategic-defence-review
The UKʼs SSN-AUKUS nuclear attack submarines will require significant quantities of rare earth oxides (REOs) for advanced propulsion and combat systems. Based on the UK government's announcement and technical details from the search results, here's the estimated demand for Nd, Pr, Dy, and Tb oxides, Virginia-class submarines are estimated to use 2t-4t of REOs per vessel (industry consensus, e.g., Adamas Intelligence, SFA Oxford), so the same for the SSN-AUKUS Attack Subs
2,000 kg - 4,000 kg = total Nd, Pr, Dy, Tb oxides required (not total magnet weight) 1/3 of the weight of the magnet will be REOs
These are Industry Approximations from Adamas Intelligence
As you can see Ionic Technologies Commercial Plant, can produce 400,000kg of REO's and could easily supply the UK Defense Force
- Forums
- ASX - By Stock
- IXR
- General Chat / Discussion
IXR
ionic rare earths limited
Add to My Watchlist
8.33%
!
1.1¢

General Chat / Discussion, page-13714
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $57.94M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.0¢ | $121.8K | 11.00M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
34 | 17270305 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 5780452 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
31 | 16414319 | 0.010 |
26 | 17104730 | 0.009 |
26 | 20204285 | 0.008 |
43 | 18732836 | 0.007 |
33 | 16333235 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 3904166 | 5 |
0.012 | 5799338 | 12 |
0.013 | 6928378 | 10 |
0.014 | 3224064 | 11 |
0.015 | 2720151 | 9 |
Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
Featured News
IXR (ASX) Chart |