ASX $NTU - Rare Earth Metals.

Oct 11, 2018

Pretty weak day on the ASX today but NTU was showing some signs of strength.

I like the idea that its one of the few games in town in this space. If US and China trade sanctions kick in further then NTU might become a good alternative for those not wishing to deal with China.

I like that they are now a producer with exports as opposed to simply wandering the desert poking holes in the ground.

From Stockhead:

Earlier this week Northern Minerals announced it had produced the very first export quality rare earth product from the Browns Range project in the East Kimberley region of Western Australia.

The company is the only ASX-listed heavy rare earths producer outside of China.

Rare earths — sometimes known as “magnet metals” — include minerals such as dysprosium, neodymium and praseodymium. They are lesser known compared to battery metals such as lithium and cobalt — but are attracting increased attention because of their use in electric car motors.