Rare earths miner Australian Strategic Materials secures loan for project construction
The date of：
2021-06-29
viewed:
0
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
2022
-
05
-
27
Click on the number of times:
1
source:scienceAbstractThe study of subtle effects on transport in semiconductors requires high-quality epitaxial structures with low defect density. Using hybrid molecular beam epitaxy (MBE), SrTiO3 f...
2022
-
05
-
26
Click on the number of times:
1
source：news.yaleScientists have found a new, nanoscale link between superconductivity — the flow of electric current without a loss of energy — and a phenomenon known as charge density waves.The disco...
2022
-
05
-
25
Click on the number of times:
1
source：natureAbstractAn optimized sol–gel protocol was carried out to produce an yttrium aluminum garnet (YAG) xerogel from aluminum alkoxide and an yttrium salt on a semi-pilot scale. This xerogel wa...
2022
-
05
-
24
Click on the number of times:
0
source:phys.orgResearchers at Northeastern have discovered a new quantum phenomenon in a specific class of materials, called antiferromagnetic insulators, that could yield new ways of powering 'sp...