George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Https://news.metal.com/newscontent/102602442/China%E2%80%99s-rare-earth-imports-shot-up-in-2023
You mean "it goes to CHINA for processing "?
That's because one of MP Materials' biggest shareholders is Shenghe with 13%, majority of MP product goes to US for processing
2024 is going to be good to us I 🤔
https://youtu.be/4oOVlzr79lk?si=ajdN9keXGv46PlOW
Https://www.automotiveworld.com/articles/the-days-of-rare-earth-e-motors-are-numbered/
According to customs data, China's rare earth metal ore imports reached 5,616 mt in December, up 21% YoY and 24% MoM. Unlisted rare earth oxide imports stood at 4,140 mt, up 12% YoY and 20% MoM. Mixed rare earth carbonate imports were 377 mt, up 1,693% YoY but down 83% MoM.
In 2023, China's rare earth imports were some 3.4 times its exports. Imported products were mainly rare earth’s raw materials, while exported products were deeply processed rare earth.
Specifically, in 2023, China's rare earth metal ore imports were 66,414 mt, down 14% YoY. Among them, more than 99% of rare earth metal ores came from the US. Unlisted rare earth oxide imports stood at 43,856 mt, up 206% YoY, which mainly came from Southeast Asian countries. Rare earth resources in these countries were relatively abundant, but their grades were low and mining and processing costs were high. Mixed rare earth carbonate imports were 15,109 mt, up 882% YoY, which mainly came from Malaysia. However, given that the Malaysian government announced that it will restrict rare earth raw material exports, rare earth imports from the country may shrink.
"Among them, more than 99% of rare earth metal ores came from the US. " - This is something to think about
"Cannot see how Lime could be recycled as its consumed.")))
read about the conversion of phosphogypsum to calcium carbonate
Https://www.linkedin.com/posts/geological-society-of-america_rareearthelements-greenenergy-geochemistry-activity-7156345008625741824-4lGq?utm_source=share&utm_medium=member_android
Rainbow Rare Earths aims to be a forerunner in the establishment of an independent and ethical supply chain of the rare earth elements that are driving the green energy transition. The company is developing commercial scale technology for the recovery of rare earth elements from phosphogypsum stacks in both South Africa and Brazil.
Rainbow Rare Earths will use a proprietary separation technique developed by and in conjunction with its partner K-Technologies, Inc. , which uses continuous ion exchange and continuous ion chromatography to simplify the process of producing separated rare earth oxides (versus traditional solvent extraction), leading to cost and environmental benefits.
The Wall Street Journal recently reported on the innovative new processes Rainbow Rare Earths and their partners are currently developing. Learn more here: https://lnkd.in/gkfSg84e
The acid is not the biggest cost, that would be Lime. The PEA puts Lime at $10.23 and acid at $3.98 per kg NdPr.
Reagents make up 55.8% of the cost and RBW mentioned better recycling rates. Cannot see how Lime could be recycled as its consumed.
Power makes up 15.3% of the cost and that is halved, apparently by them temp reduction from 40c to 30c.
Further income from Gypsum sales eat into the effective opex cost.
Sprotts cost heat map didn't even go any higher that $30/kg so I was shocked at the $34/kg PFS opex. So I'm expecting a pleasant surprise reduction and increase in NPV.
Even better,
George mention the $8 price in an interview. It will come out in the DFS.
Because I'm interested, and may well take a punt on this stock. Regarding manufacturing, the logistics costs are paramount; every dollar saved is a dollar on the bottom line. SP's suggestion of $8 / MT is unrealistic; however, the location of the RBW plant adjacent to the Phalabora Mining Company sulfuric acid plant and the potential for piping presents huge savings compared to trucking. If RBW were to include the capex for a short pipeline, probably 6" stainless steel, to transfer 1500 mts a week to a couple of 1500 m3 storage tanks (probably only a 12-hour transfer once a week), they would almost definitely get the H2SO4 for Ex-works price rather than deliver by truck, a significant saving which would justify the extra capex in a very short time. The US Producer price index indicates a price of $188/MT (Compared to $215 MTs 10 months ago), and REEtecs R1570/MT was $84/MT is considerably less; the Rand is in the same region as the dollar as REETechs backup date of May 2023, so that doesn't factor into any price disparity. My own view is that the plant is located next to a source of reagent that is priced at below world market rates with potential substantial savings in logistics costs compared to truck delivery. It's a big plus for the OPEX, but not $8 a ton, I'm afraid.
Palabora Copper Plant does not sell sulfuric acid for $8 as stated in the PAE. Only the spent copper refining electrolyte contaminated with heavy metals (Cu, Ni, Zn, Pb, As, Bi, Sb...) can cost $8.
Filter is great reetech talking to himself in a sea of green
Https://english.thesaigontimes.vn/vietnam-u-s-explore-cooperation-in-semiconductor-and-rare-earths/
SmartPunter
https://www.palabora.com/Our-Activities/Our-products/Sulphuric-acid
- this acid was put into PEA?
As I said, that's what they put in the PEA.
"The sulfuric acid is delivered to the site in liquid bulk tankers and transferred to storage tanks with distribution to the process plant via fixed dosing systems."
Page 86. Phalaborwa Rare Earth Project – Preliminary Economic Assessment
https://www.rainbowrareearths.com/wp-content/uploads/2022/10/PHALABORWA-RARE-EARTHS-PROJECT-PEA-FINAL.pdf
"...delivered by pipeline ..." - This is not true. You're cheating
There is no such fixed price, it varies depending on location.
When you have a copper plant next door with a sulphuric acid waste stream you can negotiate $8/ton delivered by pipeline as have RBW.
Sulfuric acid costs $78, not $8
Foscor sulfuric acid price
https://fos-sa-nrt-wp.azurewebsites.net/wp-content/uploads/2023/07/May-2023.pdf
USD/ZAR - US Dollar South African Rand
https://www.investing.com/currencies/usd-zar
Bit pointless, thre dropped it a penny last month.
Needs an update from Sprot, the power savings are with $4m per year which add add 8% to NPV, Then there are reagent savings. Also noticed PEA assumed Sulphuric acid cast was market price at $95 per ton. RBW paying $8.
Can see a sub $30/kg production cost is possible.
Berenberg raises Rainbow Rare Earths price target to 38 (37) pence - 'buy'
Prefer Nikola Tesla myself T.Edison was a pretender and a charlatan.