Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (166403)	7/20/2022 3:59:28 PM
From: LoneClone	Read Replies (1) \| Respond to of 195029

Rare-earths developer Arafura inks supply deal with GE unit ca.finance.yahoo.com July 11, 2022·1 min read (Reuters) - Arafura Resources said on Tuesday it will supply neodymium-praseodymium (NdPr) to France-based turbine manufacturing division of General Electric Co amid a global push to transition to clean energy. Under the memorandum of understanding (MoU), GE Renewable Energy will purchase NdPr from the miner's flagship Nolans project in central Australia to manufacture offshore wind turbines. The deal was unveiled during the Sydney Energy Forum earlier in the day, where Australia joined the Mineral Security Partnership, along with a host of nations including the United States in a bid to secure global supply chains for critical minerals such as NdPr, which are crucial for the transition to clean energy technology. (https://bit.ly/3PjoFwv) Australia hosts vast reserves of critical minerals, such as lithium and cobalt, which are crucial for clean energy technologies such as batteries and electric vehicles, as well as mobile phones and computers. Demand for NdPr soared in recent years as countries and companies pivot towards cleaner energy to tackle climate change. The deal also outlines a potential strategic equity investment by GE in Arafura that will be considered and negotiated in due course.