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Which as he mentioned also saves them the cost of disposal so win/win.
Delivery is everything. It's $20 in China. $300 in the outback of Africa.
As a waste stream piped from next door George negotiated a very low price.
Much more detail in that presentation.
Fund Managers, Analysts, its a big commit to make a site visit. Part of due diligence for the project finance and institutional investors.
Boring to some who prefer chimpanzee tea party investing.
"We have to trust George and his team to do the right thing for us all and we the shareholders will learn more when the time is right.
Yes patience is required."
I wonder who posted this...hmmmm
Yawn
Https://www.rainbowrareearths.com/investors/results-reports-presentations/
Reiterates update on back end process in coming weeks.
These high profile visits would not be happening if not in the bag imho. Great buying opportunity sub 20p
You will be surprised to know that at the Uberaba Sulfuric Acid Plant, sulfuric acid costs $120-130/ton. This is much more expensive than declared in the Phalaborwa project - $8/ton (not a realistic price). The optimistic price is $40-50/ton.
Reckons:-
The fight for critical minerals
Critical minerals will be a crucial component in virtually every sector that will drive growth, innovation, and national security in the 21st century, from clean energy to advanced computing, biotechnology, transportation, and defense. In 2024, governments around the world will intensify their use of industrial policies and trade restrictions that disrupt the flow of the critical minerals.
."Rainbow's extraction process skips slow & costly steps by processing & cleaning up industrial waste"
Https://x.com/RainbowREarths/status/1752283435949863417?s=20
>>you still have to turn that into metal and alloys, which are fed into a manufacturing plant […] but there is very little capability in the West to process this material.
Yes its Less Common Metals and we are provisionally on an offtake agreement to supply them
100 posts in 9 days....... It was worthy of comment, if not a celebration of hitting the century on nine overs!!!!!
I do..... whoops
“Look, what the Western world has to understand is that right now the Chinese control 90% to 95% of downstream processing, so that means even Mountain Pass, the biggest producer of rare earth concentrates in the Western hemisphere, send all their product to China,” Bennet said, “[The West] has to develop the downstream portion of processing. Even after we’ve produced a separated rare earth oxide – which is significantly further than most projects in the world right now – you still have to turn that into metal and alloys, which are fed into a manufacturing plant […] but there is very little capability in the West to process this material. By the time we’re into production, we believe that almost all the processing capacity will still be in China, who will buy every ounce we produce. We’d like to sell our strategic product to the West, but we’re a bit ahead of the curve right now.”
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,