CHARTS: EV battery metals bill sets new low as lithium, nickel, cobalt price slump continues
The raw materials bill for the average EV is now down to $510 compared to a peak of more than $1,900 at the beginning of last year.
Northern Minerals’ (ASX:NTU) flagship rare earth project Browns Range received a major push Monday after the company announced it has secured a $6 million funding rom Macquarie Bank Limited and the Environmental Protection Authority recommended it for conditional environmental approval.
The proposed mine straddles the West Australian and Northern Territory border on the Browns Range Dome and is expected to produce 279,000 kg of dysprosium a year over its 10-year mine life, with production slated to begin in 2016.
Dysprosium is an essential ingredient in the production of NdFeB (neodymium iron-boron) magnets used in clean energy and high technology solutions.
EPA chairman Paul Vogel said the agency recommended several conditions for the mine, including the advance of a significant fauna conservation plan before any ground-disturbing activities begin.
The EPA’s report will be open for appeal until September 1.
Comments
Michel Proulx
Take a look at this Grevet REE Property, Quebec, Canada:
Some 143 carbonatite and related lithological showings have been recognized to date within the Grevet REE Property. At least 50 of these showings have produced rock samples with elevated REE > 0.50% total rare earth oxide, (TREO) in carbonatite, with 14 showings having greater than 1.0% TREO, and 3 showings having rock samples with 12.24%, 19.6% and 20.4% TREO.
More informations are available.
This property is to option by the vendor.