An announcement from Northern Minerals Limited ( (AU:NTU) ) is now available.
Northern Minerals Limited is strategically positioned to benefit from China’s newly announced export restrictions on heavy rare earths, which include dysprosium and terbium. As China dominates the global supply of these minerals, the restrictions are expected to prompt governments and private sectors to seek alternative sources. Northern Minerals’ Browns Range Project, with its high-grade deposits, is poised to become a reliable alternative source, enhancing Australia’s critical minerals supply chain. The company’s partnership with Iluka Resources further strengthens its capacity to deliver these essential materials at scale.
More about Northern Minerals Limited
Northern Minerals Limited is an Australian company focused on heavy rare earths, particularly dysprosium and terbium, through its 100%-owned Browns Range Heavy Rare Earths Project in Western Australia. These elements are crucial for manufacturing high-performance permanent magnets used in electric vehicles, wind turbines, robotics, and defense applications. The company aims to establish an Australia-based supply chain for these critical minerals and has a strategic partnership with Iluka Resources to supply heavy rare earths concentrate.
YTD Price Performance: -16.00%
Average Trading Volume: 17,177
Technical Sentiment Signal: Strong Buy
Current Market Cap: $105.5M
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