Hate to disappoint you guys, but Hastings are not a Lithium...

Hate to disappoint you guys, but Hastings are not a Lithium company


“Our assumption reflects current industry inflationary pressures, with finalisation of project capex (and updated project economic assessment) expected in the next month.“

According to the company, the Yangibana project will meet about 6 per cent to 8 per cent of global demand for the rare earth minerals neodymium and praseodymium used to make permanent magnets, and benefit from the global boom in electric vehicles and decarbonisation of the energy sector.

These rare earths, known as NdPr, account for around a third of global rare earth demand by volume but more than 80 per cent by value at spot prices as the market remains in deficit amid strong EV demand, according to analysts at Macquarie.