Energy Fuels says terbium oxide clears qualification for Japanese permanent magnet maker
UUUU•Earlier magnet-material qualifications and acquisition plans
The company previously secured qualifications for its neodymium-praseodymium and dysprosium oxides for permanent magnet manufacturing.
Energy Fuels expects the pending acquisitions of Australian Strategic Materials and Vacuumschmelze to position it as a vertically integrated “mine-to-magnet” supplier in the U.S. and Europe.
Terbium oxide clears qualification for commercial magnet production
Energy Fuels said its terbium oxide produced at the White Mesa Mill in Utah has cleared all qualification tests for use by one of Japan’s largest rare earth permanent magnet manufacturers outside China, allowing commercial magnet production with no further validation.
Terbium oxide was priced at about $5.5 million per tonne, based on Benchmark Mineral Intelligence CIF Europe data cited in the release.
