Pensana plc (LON:PRE) has advised that its Chairman, Paul Atherley ,will be presenting at the Critical Minerals & The UK’s Green Industrial Revolution Conference on 30 November 2021. The presentation slides have been published on the Company’s website www.pensana.co.uk
The electrification of motive power is the most important part of the energy transition and one of the biggest energy transitions in history. Magnet metals are central to the transition and critical to high value manufacturing applications such as electric vehicles and offshore wind turbines.
Pensana plans to establish Saltend as an independent, sustainable supplier of the key magnet metal oxides to a market which is currently dominated by China. The US$125 million Saltend facility is being designed to produce circa 12,500 tonnes per annum of rare earth oxides, of which 4,500 tonnes will be neodymium and praseodymium (NdPr), representing around 5% of the world market in 2025.