Australia is now a heavy rare earths producer
July 27th, 2018
Northern Minerals has today become the first producer of heavy rare earths outside of China with the official opening of its Browns Range project in Western Australia.
“There are not too many times when a managing director can stand up and launch a new industry in Australia and this is what we are doing today. Australia is now a heavy rare earths producer.”
There are heavy rare earths and light rare earths. Heavy rare earths have a higher atomic weight than light rare earths.
The news sent shares up nearly 5 per cent to 8.7c in early trade on Friday morning.
Northern Minerals (ASX:NTU) 60,000-tonne-per-annum Browns Range project in the East Kimberley region will produce primarily dysprosium and terbium – both are considered critical metals because of supply constraints and their importance in the development of clean energy technologies. Read more…