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The latest announcement is out from ABx Group Limited ( (AU:ABX) ).
ABx Group Limited has announced a significant milestone with the production of its first mixed rare earth carbonate (MREC) from the Deep Leads deposit in northern Tasmania. This MREC boasts a high content of dysprosium and terbium, making it more valuable than its peers, with a basket price up to 51% higher. The achievement positions ABx favorably in the market, as there is a high demand for MRECs with high Dy and Tb content due to supply risks. This development enhances ABx’s strategic importance in the rare earth industry, offering a compelling opportunity for prospective customers seeking high-quality, low-impurity products.
More about ABx Group Limited
ABx Group Limited is a company operating in the rare earth industry, focusing on the production of mixed rare earth carbonates (MRECs). Their primary products include rare earth oxides, metals, and magnets, which are essential for electric vehicle motors, wind turbines, robots, and guidance systems. The company is strategically positioned with its Deep Leads project in northern Tasmania, which benefits from proximity to existing infrastructure.
Average Trading Volume: 3,339,142
Technical Sentiment Signal: Buy
Current Market Cap: A$28.76M
For a thorough assessment of ABX stock, go to TipRanks’ Stock Analysis page.