Investor Relations
Hastings Technology Metals Ltd presents an excellent opportunity for investors to take part in the growth trajectory of the Company as it moves to meet the increasing global demand for rare earths resources.
The global rare earths industry has historically been dominated by China which has been taking steps to curb illegal mining activities, consolidate the domestic industry to six State Owned Enterprise (SOEs) and limit exports through required government approvals.
Hastings projects will produce magnet rare earths which are forecast to be in critical supply shortages through to 2020 – these primarily are neodymium, praseodymium and dysprosium. It will also produce europium which is used in energy efficient light bulbs.
Hastings has two major rare earth projects:
Yangibana
Hastings is focused on the delivery of the highly prospective Yangibana Project located in the Gascoyne region of Western Australia.
Brockman
The Brockman Project is centred 18km south-east of the historical gold mining centre of Halls Creek in the East Kimberley Region.
Markets and Demand Forecasts
The global demand for products containing rare earths continues to rise each year as more and more innovative uses are discovered. Products such as a wide range of electronic devices (rechargeable batteries, computer memory, cell phones, DVDs and many others), magnets, instruments, pollution control catalysts and military equipment all utilise rare earths to various extents. While China continues to dominate production and restrict exports there is an immediate but also a long-term requirement for production of rare earths from outside of China, often seen as a “second source” supply.
Forecast Supply-Demand Balance of Dysprosium Oxide from 2014 through 2020
Forecast Supply-Demand Balance of Dysprosium Oxide from 2014 through 2020
Potential markets in which Hastings look to supply to occur in Japan, South Korea, Europe and the United States of America. Hastings is planning to produce a mixed rare earths carbonate.
“If wind turbines and electric vehicles are going to fulfill the role environmental planners have assigned them in reducing emissions of carbon dioxide, using current technologies would require an increase in the supply of neodymium and dysprosium of more than 700% and 2,600% respectively during the next 25 years. At the moment, the supply of these metals is increasing by 6% a year.” – Environmental Science & Technology, February 2012.
Following on from what was said in 2012 by Environmental Science and Technology, a report from Adamas shows a demand exceeding supply will begin in the near foreseeable future. With the government of China restricting exports of rare earths in order to meet its own needs, other sources are likely to be needed to be brought on-stream quickly as the above graphs of the same RE Oxide illustrates.