Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
First we need to scratch that ticket :)
'⚙ Global motor power deployment up nearly 50% year-over-year
In June 2023, 260,000 MW of motor power was deployed onto roads globally in newly-sold passenger EVs (BEVs, PHEVs and HEVs), up nearly 50% versus the same month the year prior.
Nine out of every ten traction motors deployed during the month were rare earth permanent magnet synchronous motors and/or rare earth permanent magnet assisted synchronous reluctance motors – both of which contain NdFeB permanent magnets.
The runaway success of permanent magnet motors in the EV market is because these motors are up to 15% more efficient than alternative motor types and are the most power-dense type of traction motors commercially available in both weight and volume terms. EVs that employ induction motors and electrically-excited synchronous motors bring up the rear.
In June 2023, China was responsible for 48% of all motor power deployed onto roads globally according to the latest Adamas Intelligence EV Motor Materials Monthly report. Mirroring EV sales trends across the world, Europe was responsible for a further 24% of motor power deployed globally.
While growth rates in China and Europe are nothing if not robust, some markets in the rest of the world are expanding exponentially, albeit from a much lower base.
🚀 Indonesia fastest growing market outside China and Europe
Top of the list of the five fastest growing markets outside of China and Europe is Indonesia where the combined power of EV traction motors deployed onto roads in the country in June jumped 956% versus the same month the year prior.
Australian motor power grew 715% year on year in June, but the size of its EV market is more than six times Indonesia’s. Australia’s base is also catching up fast to Canada’s with the 2,900 MW deployed down under in June within shouting distance of its Commonwealth peer. Conversely, Canada only deployed 29% more motor power year on year.
In third and fourth place were Vietnam and Turkey, which deployed over 600% and 500% more motor power onto roads in June 2023, respectively, compared to June 2022.
Taiwan, the fifth largest traction motor market outside China and Europe saw 341% growth.
In all, ex-China and Europe motor power deployment amounted to just under 75,000 MWs in June 2023, a 65% jump from the same month of last year.'
https://www.adamasintel.com/fastest-growing-ev-motor-markets-outside-china-europe-june-2023/
Sovereign has released some impressive PFS figures ..... Again there is a real possibility Mkango are sat on an even bigger resource right next door:
'Kasiya, located in central Malawi, is the largest natural rutile deposit and second largest flake graphite deposit in the world.
The proposed mine is estimated to have the capacity to become a world-class producer of rutile at 222,000 tonnes per annum over an initial 25 year life-of-mine and the potential to become one of the world’s largest natural graphite producers outside of China at 244,000 tonnes per annum.
Robust financial numbers
Along with identifying high-quality production upside, the pre-feasibility study also confirmed the significant financial benefits associated with a Kasiya development.
This includes total revenue over a 25 year life of mine of around $25.2 billion, an after tax internal rate of return of 28% and an initial capital expenditure forecast of approximately $940 million.'
'Malawi to Share Mining Sector Ambitions at Critical Minerals Africa 2023
Malawi’s Minister of Mining, Hon. Monica Chang’anamuno, will speak on the country’s untapped mineral resources, evolving regulatory framework and community engagement efforts at the upcoming Critical Minerals Africa 2023 summit'
https://energycapitalandpower.africa-newsroom.com/press/malawi-to-share-mining-sector-ambitions-at-critical-minerals-africa-2023?lang=en
'The government has taken several steps to generate investor confidence in its mining sector, with a view to attracting foreign investment flows'
' the Department of Defense has invested a whopping $94.1 million in E-VAC to bring to life a rare earth permanent magnet manufacturing plant right here in the U.S'
A telling point is the recent order from General Motors (NYSE: GM) to VAC: a requirement for 1000 tons of magnets per year to be delivered beginning mid-2025. This order aligns intriguingly with the announcement that the new E-VAC manufacturing facility, bankrolled by the Department of Defense, is set to be operational by 2025. Given that the factory’s projected capacity is 1500 tons annually, it’s compelling to infer that General Motors might source its order from this very plant.
Still, there’s a broader implication to this move.
'Defense doesn’t invest in consumer markets. Its core mandate is national security. The F-35 fighter jet, for instance, is believed to use substantial quantities of rare earth permanent magnets. This means the primary output from the E-VAC facility might be earmarked for defense purposes, with consumer needs taking second place. The scenario painted here is a deliberate strategy by the Department of Defense to ensure a domestic supply chain that meets both defense and commercial requirements.
However, a pressing question arises: where will the raw materials for these magnets come from? As of now, no U.S. entity manufactures these in quantities that a 1500-ton factory would demand. The primary Western supplier today is LCM of England, but its output is a mere fraction of this requirement.
This move by the Department of Defense is historic. It represents the first significant announcement of a large scale commercial rare earth permanent magnet factory in North America, since Magnequench was sold and moved to China nearly 25 years ago. But as this initiative takes shape, stakeholders will be keenly watching to determine the origins of the raw materials and the supply chain dynamics that this factory will engender.'
https://investornews.com/critical-minerals-rare-earths/a-landmark-moment-u-s-dept-of-defense-makes-bold-moves-in-rare-earth-magnet-manufacturing/
Maybe fits in with that Pentagon interest in Songwe?
The US now needs none Chinese REE supplies to manufacture its own magnets as a matter of national security.
'The School of Engineering and Digital Arts (EDA) has led a study highlighting the urgent need for the UK’s Government and renewable energy industries to give vital attention to decommissioning offshore wind turbines approaching their end of live expectancy by 2025. The research reveals that the UK must decommission approximately 300 and 1600 early-model offshore wind turbines by 2025 and 2030, respectively.'
'Zero Waste Scotland (ZWS) is working to improve the circularity of the energy sector and provide support and advice to businesses looking to develop more circular business models, including the renewable industry. Their 2021 report 'The Future of Onshore Wind Decommissioning in Scotland' estimates that as many as 5,600 turbines could be decommissioned between now and 2050 and presented numerous recommendations to both the industry and Government which would support a thriving circular economy in Scotland. Initial calculations have also identified an approximate potential emission saving of 35% from the manufacturing of wind turbines using recycled content compared to virgin materials.'
'Charlotte Stamper – Energy Infrastructure Lead at EMR, said: “Joining Scottish Renewables is a huge statement of intent for EMR as it looks to partner with businesses large and small across Scotland to create a circular economy for decommissioned wind turbines – both onshore and, as they come to their end of life in the future, offshore.
“And this work has already begun. Our teams are actively trialling different approaches to recycling wind turbine blades and investing in state-of-the-art technologies to recover high-value rare earth metals used to construct modern wind turbines and solar panels.'
'HyProMag to participate in grant funded project with European Metal Recycling Limited (EMR), the Offshore Renewable Energy (ORE) Catapult, Magnomatics and University of Birmingham
Re-RE Wind aims to establish the UK’s first circular supply chain for rare earth magnets used in wind turbines:
sustainable and safe decommissioning of wind turbine nacelles;
applications in a new custom-designed generator;
design for recycling; and
life cycle and technoeconomic assessment.'
Also worth noting SusMagpro already has a relationship with Siemens
'SUSMAGPRO magnets are also tested to Siemens Gamesa specifications for wind turbines.'
'ScottishPower awards £1.3bn wind turbine contract to Siemens Gamesa
Siemens Gamesa will supply 95 14.7MW wind turbines for the offshore wind power generation facility.'
dots...connections :)
Certainly, news wise that's the main one...
Others are the Commercial plant is declared to be running with buying customers and bringing in the first quids of profit
US Gov DoD or other funding covering the costs of US plants...
Any other big deals or funding ... This is a global tech need so there is lots of potential there...
It often seems like nothing excting is happening here... but watch this!:)
Its like winning on the slot machines
https://www.youtube.com/watch?v=D4npAzB6o3U
'53 views 21 Sept 2023 #H2020 #magnets #RareEarths
This ejection sorter developed by partners INSERMA ANOIA and RISE - Research Institutes of Sweden for the #H2020 SUSMAGPRO recycling pilot sorts neodymium and ferrite speaker magnets at the end of their useful life for further processing. With an initial capacity of over 6000 loudspeakers, which would correspond to around 15 kg of NdFeB magnets per hour (assuming a 5 g NdFeB magnet in each loudspeaker and a 50/50 mix of NdFeB/ferrite speakers), this sorter is pretty fast!
Permanent #magnets made of #RareEarths are very strong magnets used in high technology but also everyday products, such as smartphones or washing machines. Rare earths are linked to a number of challenges which make them critical raw materials.
The EU funded project SUSMAGPRO aims to develop a recycling supply chain for rare earth magnets in Europe and to demonstrate the effective reuse of recycled rare earth material within several industries. More information: https://www.susmagpro.eu/
'
I'll leave my mates with this post😏
IMHO the Big Buy Out now seems to be a very likely scenario...
Scancell has never before been a leaky ship it is now!... follow the money as they say
My fear for modi is not that it's not working but that it's indeed doing the mouse but Scancell got it wrong about how much stress is displayed by tumor... Again Lindys comments are v interesting and Burble explained it...if they got it right but the t cells need CPI protection then that platform is full game on but adds to the takeover scenario....CPI plyers will pounce!
Id hate to be a Haribo Mr mind the gap cardboard labs...and be out here when an offer RNS drops....id expect sp to be at a Quid before it drops...then value? Who knows...but a lot...
I always thought it was us against the market not against each other...I wish for everyone wins here .... especially cancer sufferers
😘
Ps I don't mind nimbliing in the 20s that was my point I did that for years already....
I think that webinar was a missed opportunity the 6ix guy clearly was clueless about HyproMag and had done zero research he thought they used magnets to extract rare earths pft.....
Julian is good at answering questions but he is not good at giving unless you ask the questions! Seems only GLR asked a worthy question ...I would have liked to have known potential international rollout plans... Julian is off to Rhiad next month for example ...
Positives for Mkango are Cotec is well into and on this and is getting the message out and getting the investment interest too Mkango won't be owing Cotec anything until there is already significant value in the joint venture and the chances of grant funding are strong with US Gov and US DoD wanting and needing and funding such projects/plants and the magnet producers stateside are also already interested.....
Pretty much comes down to nailing the feedstock supply that is where Mkangos relationship with the likes of EMR is massive....
And yeah the Tyelsely commercial plant does look to be waiting on some more equipment before it is up and running but the Piolt plant has proven up the commercial viability which is of course why EMR has chosen HyproMag to recycle the wind turbine magnets that they will already be getting from Scotland, EMR has been working with HyPtpMag since at least 2020 so obviously have great confidence in the tech.
At least 5 supers! 'super green' is my fave :)
Here it is!
https://www.youtube.com/watch?v=335635FjLmY&list=PLtaY2C7EDECt8DOL2W_IelRenAhQhkKcl&index=18
Aha thanks, GLR ... I too presumed the 'commercial' plant needed to be fully functioning first to prove up to potential investors/partners but can see how the pilot can do that already...Those pics of the products etc
Super Excited! :) .... just need that bit to translate into the SP
Crumbs didn't sell out he jiggled to a nice 9p average without losing his capital (yes has a much smaller but comfortable core holding)and is now holding on to see his 9p's make a quid...
just need to put that there ... so many myths :)
Thanks, GLR... I missed it:( was having fun working in the rain so will have to wait for the video to be posted...Can you explain this though:
' the 'crucial' component of having a commissioned plant in the UK doesn't appear to be as critical now, as JT said that he personally visited the plant and any US investor can visit the plant, and see it working in all its glory, so the tech is now completely proven, which is fantastic news.'
Does this mean the Tyseley plant is up and running and operational already?
I'm not and never have been an immunologist lol ... I've just been in Scancell a long time but not as long as even some super hardy ones.... this sp is hopefully only the beginning of the recovery and on to being the Unicorn it should already be.
Seems to me some here do not ' read' posts they only 'read into' posts....
oh, thats a negative oh thats positive... sell buy buy sell... etc v weird to me that... I like reading posts that relate to scancell and indeed help you with your own buying and selling decisions by getting a true idea of the value here.. and most the good stuff comes from Scancell themselves! And the bad stuff :) but then you need your Berms to help get you clued up on it and also to find stuff as Scancell have had a nasty habit of being poor on communication and promotion and this BB has provided many heads up on coming events that otherwise would not be known about....hopefully there is a company change there now.. part of the evolution?
I only posted back on here because for some reason 'they' can't be without me:) ... they like it when I say ... modi... modi modi modi... Jeez make your own minds up there is already data and there is much news to come there so that one will work out I keep telling you there is enough here to get the sp to a quid at least, but I can't hold your hands to the quid before you let go!:) a few times on the journey no doubts ... Get there yourselves ...and don't mention me and I won't appear :)
Who was it asking for the Webinar and Q&A BTW.... oh that was me!
Nobody believes in a Quid,😪....
8 is even still possible if modi finds its commercial niche....
I don't advise people when to buy and sell ...you have to make your own minds up for that🙄
Now why aren't you all enjoying this...still a bit off my old 20p average.. lots of legs and news to come... don't worry about me...
This is a BioTech unicorn in the making 1 billion mcap.. coming over a Quid for the SP ... ImmunoBody with pharmajet is now very commercial been in nearly 100 patients...safe effective imagine SCIB1 being used at point of diagnosis before surgery....prevents progression...
Not my fault you all don't believe and can't decide when to sell or not....A Quid I'm in for😏