MARKET

REE'S

Rare Earths are critical to…

Magnets and Motors

Used to produce high-strength permanent magnets, now ubiquitous in mobile phones and laptops as well as energy-efficient electric motors and generators in EVs, wind turbines, appliances and hundreds of other applications.

Ceramics, Pigments and Glazes

Used to produce functional and decorative ceramics, structural ceramics, cutting tools, dental crowns, electrical capacitors, tiles and more.

Battery Alloys

Rare earth elements are used to produce anode materials for nickel-metal hydride batteries used in hybrid electric vehicles and consumer electronics like cordless power tools and shavers.

Defense Technology

Used for energy efficient lamps, display screens and avionics, ceramics for jet engine coatings.

Glass Polishing, Phosphors

Used to polish optical glass, hard disk drives, LCD display screens and gemstones. Also used for UV-filtering glass coatings and high-quality optical glass for camera lenses, microscopes and telescopes and for phosphors in display screens and avionics.

Industry, Metallurgy and Alloys

Used in some types of steel and ductile iron making as well as in a variety of different alloys. Used in catalytic converters in gasoline and diesel-powered vehicles, fuel cracking and other oil refinery processes and in the aerospace, agriculture, high-tech and chemical industries.

REE Market

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Domestic REE Production

is Crucial for National Defense and Supply Chain Resilience

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NIOBIUM

What Is Niobium?

  • Niobium is an important metal with extreme hardness.
  • Listed as critical to the economy in North America & EU.
  • Small amounts added to steel to strengthen it.
  • Less steel needed, called dematerialization.
Host Mineralogy

  • Hosted by Carbonatite a very rare but ideal host rock.
  • Carbonatites have much higher probability of being a successful mine – 10x the average.
Supply & Demand Risk

  • Concentrated supply: 90% of production from Brazil.
  • Concentrated demand: 80% of Niobium is used in construction & steel production.
  • Expected increase in demand due to niobium oxide battery technology.
Details and Uses

Niobium

Niobium is a soft grey ductile metallic element that occurs in niobite and was formerly called columbium. Alloys containing niobium are used in the nuclear industry, jet engines and rockets, and oil and gas pipelines. This element also has superconducting properties.

Nuclear Industry

Jet & Rocket Engines

Gas Pipelines

WHAT IS A CARBONATITE?

How is it Formed?

  • Deep-seated magmatic intrusions
  • Rich carbonate mineral makeup, typically appearing as intrusive plugs or in forms like dykes, sills, breccias, or veins
  • Enriched with elements like niobium, rare earth elements, phosphorus, tantalum, scandium, and titanium
  • Carbonatites are relatively rare in geology, with notable sites including Araxá, Bayan Obo, Mt. Weld, Mountain Pass, and Palabora
  • Of the approximately 600 known carbonatites, about 10% mined
Economic Importance

  • Produce essential elements like niobium and rare earth elements, crucial for high-tech industries.
  • Carbonatite production drives economic development in energy, defense, and electronics sectors.
Carbonatite Locations Worldwide

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NIOBIUM DEMAND

Industrial Drivers

ENERGY

EV Batteries (fast charging, longer charges). Wind Turbines (longer life), Solar Panels (ultra-compact, highly-efficient)

10% OF DEMAND

EXPECTED GROWTH

MOBILITY

High-strength steel, lighter cars, press-hardened steels are stronger

10% OF DEMAND

EXPECTED GROWTH

CONSTRUCTION

Small addition of niobium reduces amount of total structural steel used (20%) in projects – thus, reduced cost

80% OF DEMAND

EXPECTED GROWTH

Global Niobium Supply

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Supply

  • Concentrated in one country (Brazil)
  • Supply risk
Demand

  • Driven by North America, Europe, Australia
  • Listed as critical mineral in high-growth countries
CRITICAL MINERAL RISK

Limited Production

  • Critical mineral by both the EU & United States due to its essential role & limited supply sources.
  • Nearly 91% produced in Brazil
  • Niobec sold to Magris Resources for $500 million in 2015.

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