Costs and demand for uncommon earths have taken successful in recent times. Nonetheless, the long-term outlook for these vital supplies stays optimistic.
Uncommon earth parts (REEs) are key metals for high-tech purposes, together with everlasting magnets, which have widespread potential, particularly within the expertise and electrical automobile sectors.
With future demand wanting sturdy, nations all over the world are eager to safe uncommon earths from sources exterior of China — which is nice information for uncommon earths firms in Australia. Certainly, wanting on the subsequent couple of many years, the International Energy Agency notes that uncommon earths demand may double by 2040.
For buyers occupied with getting a foot available in the market, under is a listing of the most important ASX uncommon earths shares by market cap. Information for this shares listing was collected utilizing TradingView’s stock screener on December 17, 2024.
1. Lynas Rare Earths (ASX:LYC)
Market cap: AU$6.29 billion
Share value: AU$6.64
Lynas Uncommon Earths is Australia’s largest uncommon earths miner, in addition to the one vital uncommon earth supplies producer on the earth exterior of China. Targeted on built-in supply, Lynas is a miner and provider of high-grade uncommon earths. In keeping with the corporate, its Mount Weld asset in Western Australia is without doubt one of the highest-grade uncommon earths mines on the earth.
In June, the corporate introduced that its Lynas Malaysia facility is on observe to begin first manufacturing of two separated heavy uncommon earths merchandise, dysprosium and terbium, in 2025.
Lynas Uncommon Earth’s AU$800 million Kalgoorlie uncommon earths processing facility officially opened in Western Australia in November.
Throughout the fourth quarter of 2024, Lynas reported neodymium and praseodymium (NdPr) manufacturing of 1,504 tonnes. Its whole uncommon earth oxide manufacturing reached 2,188 tonnes throughout the identical interval.
Market cap: AU$2.16 billion
Share value: AU$5.09
Iluka Sources has many years of expertise within the mining trade, principally within the manufacturing of zircon and high-grade titanium dioxide-derived rutile and artificial rutile. Nonetheless, in recent times, it has developed a uncommon earths portfolio.
At its Eneabba operation in Western Australia, Iluka has a strategic monazite-rich mineral stockpile that it plans to course of. The corporate is presently engaged on a feasibility study for a totally built-in uncommon earths refinery at Eneabba, which might produce separated uncommon earth oxides from its personal feedstock and doubtlessly from third-party feedstock as properly. Development will begin as soon as earthworks have been accomplished, with first manufacturing on the refinery expected in 2025.
Iluka’s Wimmera venture in Victoria, Australia, additionally has the potential to be a long-term provider of zircon and uncommon earths. Iluka is presently working towards a definitive feasibility research for the venture.
3. Brazilian Rare Earths (ASX:BRE)
Market cap: AU$520.2 million
Share value: AU$2.20
Brazilian Uncommon Earths is advancing its district-scale Rocha da Rocha uncommon earth province within the state of Bahia, Brazil.
The corporate’s 1,410 sq. kilometres of mining claims are extremely potential for each heavy and light-weight uncommon earths, with grades of over 40 % whole uncommon earth oxides (TREO) discovered. The corporate’s exploration campaigns have recognized three kinds of uncommon earths mineralisation throughout the venture space, together with supply rock for high-grade niobium and scandium, shallow high-grade monazite sand and ionic clay uncommon earths mineralisation.
Brazilian Uncommon Earths’ current resource estimate for Rocha da Rocha stands at 510 million tonnes at 1,513 elements per million TREO. This consists of the high-grade Monte Alto venture with a monazite sand uncommon earths useful resource of 25.2 million tonnes at 1 % TREO; it has a higher-grade shallow, free-dig useful resource core of 4.1 million tonnes at 3.2 % TREO. The corporate is working towards finishing an up to date useful resource estimate for the district.
In December, Brazilian Uncommon Earths announced it had obtained approval for the ultimate exploration report for the Monte Alto exploration licence, a major milestone in securing a mining allow for the venture. The corporate is making ready an financial improvement plan that will probably be underpinned by the venture’s scoping research, which administration expects to finish in Q2 2025.
4. Arafura Rare Earths (ASX:ARU)
Market cap: AU$271.09 million
Share value: AU$0.11
Arafura Uncommon Earths is advancing its Nolans NdPr venture in Australia’s Northern Territory, and is presently within the midst of development. Arafura has plans for Nolans to be a vertically built-in NdPr operation with processing amenities on website. In keeping with the corporate, the Nolans venture will provide round 4 % of worldwide NdPr oxide demand as soon as full, with an annual manufacturing capability of 4,400 tonnes of NdPr focus.
The corporate has signed a number of offtake agreements, together with one with Siemens Gamesa Renewable Vitality that commences in 2026. The deal ensures a 5 12 months contract below which Arafura will provide Siemens Gamesa with NdPr from Nolans. The provision deal will kick off at 200 tonnes for the primary 12 months, earlier than growing over time because the venture reaches nameplate manufacturing.
In keeping with Arafura’s quarterly report for the interval ended September 2024, the Nolans venture is shovel prepared, with development set to begin as soon as funding is secured. A remaining funding resolution is anticipated to be made within the first half of 2025.
5. Northern Minerals (ASX:NTU)
Market cap: AU$165.97 million
Share value: AU$0.02
Northern Minerals is targeted on creating its Browns Vary dysprosium-terbium venture in Western Australia and bringing the venture’s Wolverine deposit into manufacturing.
The corporate has a long-term rare earths concentrate supply agreement with Iluka Sources for all focus produced from Browns Vary till 30,500 tonnes of contained uncommon earth oxides have been delivered.
Northern Minerals is creating Browns Vary via a 3 stage system, and the venture has been producing heavy uncommon earth carbonate since 2018. The corporate is now engaged on a definitive feasibility research for a commercial-scale mining operation and beneficiation plant at Browns Vary that can respectively extract and course of ore from Wolverine.
Northern Minerals is on track to complete a definitive feasibility research in Q3 2025, and is concentrating on first manufacturing in This autumn 2027.
FAQs for ASX uncommon earths shares
What are uncommon earths?
Uncommon earths are a class of parts that share many chemical properties. In reality, all however two — yttrium and scandium — are additionally known as lanthanides. These parts are generally present in the identical deposits and are obligatory for various technological purposes resembling uncommon earth magnets.
In whole there are 17 uncommon earth parts, and they’re cut up into mild and heavy uncommon earths, with every section being grouped collectively on the periodic desk. On the sunshine aspect, there are cerium, lanthanum, praseodymium, neodymium, promethium, europium, gadolinium and samarium, and on the heavy aspect there are dysprosium, yttrium, terbium, holmium, erbium, thulium, ytterbium, yttrium and lutetium.
Which nations have probably the most uncommon earths?
When it comes to each uncommon earths reserves and uncommon earths manufacturing, China is the frontrunner by an extended shot, with 44 million tonnes of reserves and 240,000 tonnes of manufacturing in 2023. Nonetheless, Vietnam, Brazil and Russia all have reserves above 10 million tonnes. With reference to manufacturing, the US is in second place at 43,000 tonnes as a result of Mountain Cross mine in California, and Myanmar is in third place with 38,000 tonnes.
What makes uncommon earths uncommon?
Uncommon earths are literally comparatively plentiful within the Earth’s crust, opposite to what their identify suggests. Nonetheless, they’re fairly dispersed as a substitute of being discovered concentrated in particular areas, which suggests finding financial deposits to mine is troublesome.
As China controls a lot of worldwide uncommon earths manufacturing, many nations have deemed them vital minerals and are prioritizing provide chain safety.
That is an up to date model of an article initially printed by the Investing Information Community in 2018.
Don’t overlook to comply with us @INN_Australia for real-time updates!
Securities Disclosure: I, Melissa Pistilli, maintain no direct funding curiosity in any firm talked about on this article.
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