Rare earths miner Australian Strategic Materials secures loan for project construction
The date of：
2021-06-29
viewed:
11
June 28 (Reuters) - Miner Australian Strategic Materials ASM.AX said on Monday it had secured a A$200 million ($151.68 million) loan to develop its flagship Dubbo rare earths project in New South Wales, as demand for critical and rare earth metals surged worldwide.The rare earths producer secured the funding from Export Finance Australia (EFA) for the construction of the project which will produce metals such as zirconium and niobium — considered crucial for the economy — and rare earth metals including neodymium and praseodymium.'The critical metals we will produce from the Dubbo Project are all in high demand for a suite of modern industrial applications, including energy efficient technologies, electric vehicles,' Managing Director David Woodall said in a statement.The debt funding, conditional on the miner securing supply deals and environmental approvals, comes at a time when battery metals and minerals are in high demand amid rising calls for achieving climate change goals and curbing carbon emissions.
Hot News
/
Related to recommend
2025
-
10
-
29
Click on the number of times:
0
来源：mining.comEuropean Council President Antonio Costa said on Monday that high-level officials from China were scheduled to visit Brussels in the coming weeks to discuss Beijing’s export curbs on rare...
2025
-
10
-
28
Click on the number of times:
2
来源：mining.comMinespider and critical minerals broker Rare Earth Ventures (REV) have entered into a strategic partnership aimed at bringing traceability to rare earth and other mineral supply chains in...
2025
-
10
-
27
Click on the number of times:
3
来源 ：mining.comAustralian Strategic Materials Ltd. aims to choose a location for its planned US rare earths plant by the end of this year, capitalizing on President Donald Trump’s backing for the secto...
2025
-
10
-
27
Click on the number of times:
1
来源：mining.com More than three years after it was announced, Brazil’s Mining Policy Council has officially been installed, with a renewed focus on critical minerals and rare earths.The Brazilian govern...