Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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1M H2SO4 contains 98 grams of acid /litre-----240 to 300 grams is therefore around 2.5 to 3M concentration. Kids in school routinely use 1M in their experiments. Dilute H2SO4 which this is behaves as a normal mineral acid. Concentrated H2SO4 is a different matter entirely.
Good news all round then👍
Since its incorporation in 1956, Palabora Copper (PC) has been South Africa’s sole producer of refined copper although it mines other by-products such as magnetite, vermiculite, sulphuric acid, anode slimes and nickel sulphate.
The Chinese Consortium acquired PC in 2013 .
The Chinese Consortium approved R10.4-billion to extend the life of mine to beyond 2033, R878-million to refurbish the smelter to ensure that PC continues to produce copper rod and R261-million to construct the floatation plant to improve copper recoveries, operational efficiencies and lower operational costs.
Most likely, for $8, the Chinese are selling “dirty” waste electrolyte from copper electrolysis. And they make very good money by saving on its neutralization and disposal.
Yes the adjacent copper processing plant produces sulphuric acid as a waste by product.
The primary reason sulphuric acid was chosen over Hydrochloric (slightly more efficent) was the dirt cheap acid supply next door.
What "waste stream" are you talking about?
About sulfuric acid waste, with a concentration of 240-300 g/liter, after copper electrolysis?
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/