REMINDER: Our user survey closes on Friday, please submit your responses here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Nice read across for HyProMag, Ionic MD discussing supply, demand and government support for their RE recycling project.
Seems to me that HyProMag are ahead of Ionic in terms of commercial production in the UK
https://www.youtube.com/watch?v=2cUZ4jUYDPY
The problem here is trying to get the uk governement to pull their finger out. The uk just lacks vision. Throw out a 10m gbp grant and establish a great technology...or just talk about it.
Usa is so more active in funding projects
Https://www.eenews.net/articles/dems-express-grave-concern-about-funding-for-rare-earths/
Something tells me that the US plan will be a game changer for us all.
The strategic review of Songwe will presumably consider that possibility along with all the other geopolitical risks.
There's no problems with what's in the ground in Malawi. It's getting the stuff out the ground. The problem's above ground eg with the MDA delays.
We recently travelled in Zimbabwe and SA. The comments came often from people we met about how the Chinese had done much to win over the local population (e.g. free housing) and were taking advantage of mineral rights.
I'm starting to wonder if there's a Chinese component in the delays to MDA as the politicos look for "brown envelope" oportunities. Hope I'm wrong
Https://mwnation.com/we-have-talked-enough-about-mining-tourism/
"In mining, the pace at which mining development agreements are being negotiated and developed also leaves a lot to be desired. There is a scramble for investors, but despite being a new player in the sector we seem to be taking forever to move. There is need for aggressiveness backed by the relevant laws."
Yep looks like a buyer is taking out a seller, although why it is across multiple trades I am not sure... you would think they would just do it all as one large transaction. Perhaps the seller was/is trying to crash the price, so the buyer is sitting on the book taking up the stock. I doubt they are working in co-operation but could be wrong.
Another couple of/million turned up.
Who knows but it's extremely interesting - presumably they're stringing out a very large order in pieces so they don't have to declare until they're done - we're way North of 5% of the issue now in these huge trades.
I have never been invested in a stock in which millions of shares trade in single transactions on the open market. This has been going on for quite some time and adds up to ten's of millions of shares. all traded in huge blocks at one set price. this is not typical of a large stakeholder unwinding a large position. it does not make any sense to me. can anyone explain?
That's a helluva rollover or someone is hoovering these up.
If it hasn't been previously mentioned
Hypromag.com is worth a look.
Yes indeed Lewis the potential in Malawi is of course huge and wide ranging, never in doubt. I'm just trying to read between the lines and am wondering where the review will take us. Accept the geopolitics and carry on, or sell and monetize now, for example. That latter scenario would be an orderly exit not a firesale rush no doubt.
For MKA not to attend Malawi's inaugural annual flagship mining sector event despite MKA's projects and profile in Malawi, suggests a difficult relationship to say the least.
I think the review's the right way to go. I don't have a strong view about staying or exiting Malawi. You seem strongly in favour of carrying on. Any other views anyone?
I'm adding too btw.
US government I meant to say
Https://www.malawivoice.com/2024/04/30/chakwera-to-attend-us-africa-business-summit-in-texas-usa/
Hopefully some traction on MDA can result.
Not sure of the rush to move away from Malawi assets Flundra? Did you see the breakdown of the assets ansmd prospects owned covering beyond REE. Lots to be happy about and hold on to.
In the meantime I can see government investment coming soon as per rainbow rare earths. All pieces are in place.
Personally adding monthly and more relaxed about the recycling ride. Confirmation of revenue will kick this above 15p once more.
So has the short loop route plant been commissioned?
MKA should get some PR material out.
Target is/was "commissioning of the pilot scale (chemical route) recycling plant in UK to produce rare earth oxides and carbonates in H1 2024" ie by end of next month, just a few weeks away.
Re Malawi, now that the Mining Forum's been and gone without any sign of MKA, and with still no sign of an MDA, is the writing on the wall? The strategic review might steer MKA away from Malawi now. The market could respond positively. The better more certain opportunity is in recycling. Divesting Malawi assets if we're to exit would help funding too.
Great update
It's on twitter as well you don't need to sign in to see it
Profit-or-roll, where is that news from?
Worth tuning in. Nothing earth shattering but all on course re Hypromag.
"The people in Washington are well aware of it!" Julian on Hypromag
Just to think when I was a kid all I knew about magnets is that they stuck together or repelled each other. Now I’m learning about N45 standards and that ours exceed this. This time next year Rodney……
Notice the drop in bid this morning that hasn't been successful to shake the tree. The offer didn't change, oh the games.
This is in great shape, very exciting even without MDA
That is good news.
https://www.greatmagtech.com/news/neodymium-n45-magnet-a-complete-guide-69615615.html
Blimey ----
We are pleased to share a technical update from HyProMag.
Through continued research & development with University of Birmingham, as well as the improvement of several processing steps, HyProMag Ltd is now able to manufacture recycled magnets exceeding N45 in remanence & SH in coercivity. The technical update shows the hysteresis loops for short loop recycled magnets produced by HyProMag. These milestones represent customer standards for both high coercivity and high remanence applications.
HyProMag Ltd's short-loop recycling route for #NdFeB magnets is underpinned by Hydrogen Processing of Magnet Scrap (HPMS) technology, which was developed at University of Birmingham and provides the solution for liberating magnets from end-of-life scrap streams in a cost effective and energy efficient way. The resulting recycled NdFeB powder can be fed back into multiple points of the #RareEarth supply chain including (short-loop) magnet manufacturing and (long-loop) chemical processing and separation.
Ongoing scale-up and commercialisation of HPMS is supported by extensive piloting with over 3,000 finished magnets produced to date and being tested in a range of applications.
HPMS technology and HyProMag is supported by the Minerals Security Partnership aligned with HyProMag’s growth strategy in UK, Germany, USA, Japan, Canada and other countries.
Following the final approval of the EU Critical Raw Materials Act #CRMA, the EU has set a benchmark that 25% of the annual consumption of critical raw materials should come from #recycled materials. These and other initiatives to create more robust and sustainable supply chains are aligned with HyProMag’s growth strategy in Europe and beyond.
Upcoming milestones include:
- Initial commercial sales of NdFeB targeted for H2 2024
- Commercial production in Germany targeted for 2025
- Completion of the USA feasibility study by end of 2024, with production in 2026
To discuss magnet scrap solutions and purchasing, magnet and other product sales, please contact magnets@hypromag.com
To discuss collaboration and consultation, please contact technical@hypromag.com