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    Search Minerals and USA Rare Earth sign MoU for offtake of rare earths

    2021-10-25 09:56:39   [Print]
    Canada-based Search Minerals and USA Rare Earth have deepened their relationship with a nonbinding memorandum of understanding for an offtake of 500 t/y of neodymium/praseodymium from future production at the Deep Fox and Foxtrot deposits, in Labrador, Canada.

    Search is aiming to deliver a preliminary economic assessment on the combined Deep Fox and Foxtrot deposits in the first quarter of 2022 and plans to process an 80-t bulk sample material for magnetic demonstration plant testing.

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    Neodymium Oxide 99.5%min FOB China
    Unit:USD/mt
    Neodymium Oxide 99.5%min FOB China USD/mt
    China's neodymium metal producers' output statistics by province by month
    Unit: mt
    China's neodymium metal producers' output statistics by province by month
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