The construction of a rare earth processing plant in Hastings will provide neodymium and praseodymium for the permanent magnet industry

Published: May 3, 2018 13:28

Save

SMM:, Hastings Technology Metals Ltd (HAS.AX, May 2, 2018 (Hastings Technologies Metals Co., Ltd.) provided the company's latest investor presentation, which shows that the company's market value has grown steadily since January 2014, At A $220 million, the company has about 1200 shareholders, up 55 per cent from 2017, of which the top 10 shareholders own about 70 per cent. On the capital side, the company has raised A $59 million since 2014, with A $25 million in cash after the equity issue, while the company has no debt.

Hastings will provide the permanent magnet industry with neodymium in the future. at present, the total amount of measured, indicated and inferred resources is 21 million tons, the total reserves of possible grade ore is 5.15 million tons, and will increase by 2.5 million tons by the end of 2018.

It has been detected that in TREO (total rare earth oxides), the proportion of neodymium praseodymium ranges from about 34 per cent (0.40 per cent ≤ 1.18 per cent) to 57 per cent of (Simon's Find deposits, of which most of the resources are located on the ground wholly owned by Hastings. A small portion is on the ground in joint ventures in which it owns 70 per cent of the shares.

Rare earth neodymium praseodymium mining

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

19 hours ago

A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.

[Tungsten Concentrate Tender Information] SMM February 7: A mine in Henan conducted an online tender on February 6 to sell 300 metric tons of low-grade tungsten concentrate. Lot A had an average WO3 grade of ≥25%, while Lots B and C had an average WO3 grade of ≥22%. The tender results for each lot are as follows: Lot A: 100 metric tons, tender price of 10,155 yuan/mtu. Lot B: 100 metric tons, tender price of 10,160 yuan/mtu. Lot C: 100 metric tons, tender price of 10,155 yuan/mtu.

19 hours ago

Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026

[Ganzhou Tungsten Industry Association's February Tungsten Price Forecast] The Ganzhou Tungsten Industry Association's forecast prices for the tungsten market in February 2026 are as follows: 55% black tungsten concentrate at 670,000 yuan per metric ton unit, up 210,000 yuan per metric ton unit MoM from the January price, an increase of 45.65%; ammonium paratungstate at 970,000 yuan/mt, up 300,000 yuan/mt MoM, an increase of 44.78%; medium-grain tungsten powder at 1,630 yuan/kg, up 480 yuan/kg MoM, an increase of 41.74%.

19 hours ago

Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up

Driven by tight spot raw material supply, a sharp hike in corporate long-term contract prices and festive effects, the tungsten market saw price rises on shrinking volumes this week with domestic and overseas markets moving up in tandem; the strong short-term trend is set to continue, and attention should be paid to the resumption of cemented carbide production, scrap tungsten supply and downstream demand release after the Spring Festival.

19 hours ago