News News
Contact us
  • Customer service number:64321087
  • Commercial service telephone:13918059423
  • Technical service telephone:13918059423
  • Contact person: Mr. Cui 
  • Service email:shxtb@163.com
  • Address: room 107, building 8, no. 100, guilin road, xuhui district, Shanghai

Rare earths miner Australian Strategic Materials secures loan for project construction

The date of: 2021-06-29
viewed: 7
source:Nasdaq
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
  • 2023 - 01 - 19
    Click on the number of times: 1
    Deep seabed mining plans pit renewable energy demand against ocean life in a largely unexplored frontier source:themandarinAs companies race to expand renewable energy and the batteries to store ...
  • 2023 - 01 - 18
    Click on the number of times: 2
    source:natureHafnium isn’t a particularly remarkable element. It’s not your explosive sodium, shimmering mercury or stinky sulfur. It’s a greyish metal and is commonly used as a neutron absorber in th...
  • 2023 - 01 - 17
    Click on the number of times: 1
    source:mydrollIt’s “lights out” for antibiotic-resistant superbugs as next-generation light-activated nanotech proves it can eradicate some of the most notorious and potentially deadly bacteria in the...
  • 2023 - 01 - 16
    Click on the number of times: 1
    source:lva.lenovoBasalt is a type of volcanic rock that is formed when lava with a high content of mafic minerals (such as pyroxene and olivine) cools and solidifies. Basalt lava eruptions occur when ...
  • Copyright ©Copyright 2018 2020 Shanghai rare earth association All Rights Reserved Shanghai ICP NO.2020034223
    the host:Shanghai Association of Rare Earth the guide:Shanghai Development and Application Office of Rare Earth the organizer:Shanghai rare earth industry promotion center
    犀牛云提供云计算服务