02 October 2023
02 October 2023
The decision was motivated by positive uranium market conditions.
The tie-up is said to increase Fortune’s cobalt and bismuth refining operations to recover minerals from smelter waste streams.
The refinancing will support Hummingbird to further progress its gold mines in Guinea and Mali.
The Bluff Mine will be moved into care and maintenance by the end of November 2023.
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Within the rare earth metals market, cerium is projected to account for the largest volumetric share followed by lanthanum, neodymium, and others in 2023. The demand dynamics for neodymium is estimated to remain strong as the sale of electric vehicles continue to flourish across the globe. The product is deployed in the manufacturing of magnets including low and high performance and is an integral part of the modern-day technology assembly from automotive vehicles to fighter jets.
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