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26 Posts.

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18/01/22

12:23

Post #: 58943687
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Originally posted by aceisme: ↑

Yes, the article points out that Europe currently consumes 16,000 tones of REE per year. This will only increase dramatically in the coming years due to EV's, wind turbines, etc. A wind turbine alone needs 7 tones of powerful magnets. That's a lot of REE oxides required in there.
It also points out that China has its own environmental, technological and defence goals that it hopes to meet in the coming decades, which will require using up vast amounts of its own resources. They’re spending $US11 trillion on exactly the same thing that the rest of the world is spending money on, and they’re going to need all the magnets they produce.
The article is mainly about Pensana which are building a processing and separation plant in the UK, and this is where I think ASM's Ziron Tech would fit very well. We shall see what happens I guess. There is an investor webinar available from Pensana on youtube. It goes for about an hour but it's quite interesting.

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cheers @aceisme appreciate your informative posts

ASM Price at posting: $9.30 Sentiment: Hold Disclosure: Held
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Last 61.5¢		Change 0.045(7.89%)		Mkt cap ! $111.5M

Open	High	Low	Value	Volume
58.0¢	61.5¢	58.0¢	$36.66K	61.63K

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No.	Vol.	Price($)
6	13215	61.0¢

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Price($)	Vol.	No.
62.0¢	82000	2

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No.	Vol.	Price($)
6	13215	0.610
6	8106	0.605
1	2541	0.600
4	21313	0.595
2	7639	0.590

Price($)	Vol.	No.
0.620	82000	2
0.625	2657	3
0.630	2099	1
0.635	1603	1
0.670	1000	1

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