I am underwhelmed by this announcement .
Grades less than 0.1% in the high value battery metals- Neodymium,Nd, Praseodymium Pr, Dysprosium Dy and Terbium Tb - do not encourage me .
I'd like to see more elaboration of the use-case for continuing expenditure in rare earths .
A 3MW Direct Drive turbine consumes 2t of rare earths permanent magnets• The wind turbine market is expected to account for 30% of the global growth in the use of rareearths magnets over the next decade• Rare earth permanent magnets vary in composition, but generally are 30% NdPr, 69% iron and1% boron• Magnets in offshore wind turbines often include heavy rare earth elements Dy and Tb in theirmagnets. This allows them to operate at higher temperatures and reduce the probability ofmaintenance issues• 1GW of offshore turbine capacity requires 300t NdPr oxide – this equates to US$45m of productat spot pricing• GWEC forecasts that over 235GW of new offshore wind capacity will be installed by 2030
From this announcement I don't see MEK as a potential layer n this market .
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I am underwhelmed by this announcement .Grades less than 0.1% in...
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