Fairmont estimates the demand for C103 PBF powder in FY2025 at25 tonnes with estimated demand
growing to 105 tonnes in FY2028 for a 62% CAGR over the 5-year period ending FY2028. Fairmont’s
survey of current C103 powder price reflects a range of $4,150 / kg to
$5,385 / kg (US$2,700 / kg to US$3,500 / kg) with order lead times estimated at 12–24 months.
Ann: Investor Update Presentation, page-48
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