Heavy rare earths producer Northern Minerals (ASX: NTU) today announced Browns Range production in WA of heavy Rare Earth Carbonate exceeds 210,000kg.
Highlights
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A shipment of 40,406kg of heavy Rare Earth Carbonate (REC) containing 1,835kg of dysprosium and 233kg of terbium is ready for delivery to thyssenkrupp;
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This brings the total REC produced at the Company’s 100% owned Browns Range Project to 211,109kg;
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The total REC produced contained 103,731kg of Rare Earth Oxides, which includes 9,751kg of dysprosium and 1,245kg of terbium;
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Both dysprosium and terbium are critical elements in the permanent magnet motors used in E-mobility powertrain applications;
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By 2030, the global light vehicle EV market is expected to be dominated by permanent magnet motor powertrains with more than 75% share of the market forecast; and
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Additional supply from the rare-earths industry is required for the rapidly increasing demand for dysprosium and terbium.