MALILONGUE New heavy rare earths exploration project in Mozambique Exploration to commence in March/April
– Heavy rare earths command substantially higher prices than lighter rare earths
Rare earths are critical and strategic materials on the global stage A series of 17 elements integral to the high-technology, nanotechnology, hybrid automotive, aerospace and defence industries – virtually NO substitutes Growth in demand for hybrid batteries, advanced computer circuits, auto catalysts, super alloys and super magnets (Green Power / Green Tech) Principal consumers are the U.S., Japan, Korea, Western Europe and China
Global demand continues to grow robustly (10-12% growth projec ted through to 2015)
KRE Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held