The strange name with a big future…
Everybody knows gold is a safe bet and you may know the case for lithium and cobalt, but NdPr is still under the radar for many. But not for much longer. NdPr is essential in the production of electric motors, and therefore electric vehicles (EVs) and wind turbines, both hugely important for the transition to a greener future.
For example, EVs are currently estimated to be a $400 billion investment opportunity and will drive a 350% increase in demand for NdPr over the next six years, while offshore wind turbines, which require three tonnes of magnets compared to EV’s 2kgs, will see global growth of 1500% for NdPr over the next 20 years.
Doc Holiday caught up with Executive Chairman Paul Atherley here
Pensana Metals Ltd – Proactive Mining Capital conference