NEWS
MINERALS   Materials   Auto  

NM, Thyssenkrupp sign heavy rare earth offtake deal

Australian mining firm Northern Minerals (NM) has concluded a long-term offtake agreement for heavy rare earth carbonate from its Browns Range pilot plant with the trading arm of German steelmaker Thyssenkrupp.

"Northern Minerals is one of the few suppliers of rare earths outside China," Thyssenkrupp Materials Trading chief executive Wolfgang Schnittker said. The dysprosium-rich Browns Range mining project in western Australia sent its first shipment of heavy mixed rare earth carbonate in December 2018 and is targeting production of 1,200 t/yr from its pilot plant.

The agreement with Thyssenkrupp is for 100pc of the offtake, including stockpiled material, and includes flexibility for NM to supply heavy rare earths as separated products.

The new deal replaces an offtake agreement with China's Lianyugang Zeyu New Materials, which has been terminated.

Heavy rare earths dysprosium and terbium are needed in the production of high-performance rare earth magnets, which are used in consumer electronics, electric vehicle engines and other automotive applications.

"With this shift [to electric vehicles], both car and component makers are accelerating plans to invest further down the production chain in order to secure surety of supply," NM chief executive George Bauk said.

News No: 5872
Date: 2019/08/12 - 18:17
News Source: Argus Media

Australian  mining  NM  pilot  electric vehicles 

Comments:

Leave a Comment:

   
   
   
 

3rd Formstoff-Forum 2020 to be held from 12-13 February in Garching by Munich

From February 12th-13th 2020, the VDG Academy, the VDG and the BDG will host the 3rd Formstoff-Forum at the Science Congress Center at the TUM Research Campus in Garching near Munich.
 

Almex to provide aluminium billet and slab casting technology and equipment to Western Extrusions

Almex USA Inc. has announced its selection as the technology and equipment provider for the future casthouse of Western Extrusions Corporation of Carrollton, Texas, USA. Western is one of the leading independent aluminum extruders in North America and its Carrollton facility among the largest in America at a single site.
 

Australian crude output keeps falling

Australian crude production of 113,000 b/d fell to its lowest level in more than 35 years in the 2018-19 fiscal year to 30 June, down by 16pc from the previous low of 134,000 b/d the previous year, while condensate output reached a record high.
 

Newcrest ready to divest interest from Indonesian asset

In its 2018/19 Full Year Financial Results, published on August 16, 2019, Newcrest Mining (ASX: NCM) announced that it has started a process aimed at divesting a least a 26% interest from its current 75% ownership of the Gosowong gold operation in Indonesia.
 

Iran Steel Exports Fall 12% Y-o-Y in First Four Months of Current Persian Year

Iran’s steel exports has witnessed a Y-o-Y decline of 12% during the first four months of the current fiscal year (March 21-July 22), the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported. Iranian major steel makers exported 2.24 MnT of steel in these four Iranian months.
 

India: NMDC Rolls Over Iron Ore Prices for August

NMDC Ltd- India's biggest iron ore producer, has today announced a roll over in its iron ore prices for August deliveries, as per market sources report to SteelMint.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners