Ionic Rare Earths breakthrough with high-purity terbium production
Melbourne, Victoria
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March 20, 2024 01:00 PM Eastern Daylight Time
Ionic Rare Earths Ltd (ASX:IXR) managing director Tim Harrison joins Jonathan Jackson in the Proactive studio to discuss the production of a high-purity terbium oxide sample at its Belfast Pilot Plant. Harrison shared insights into this achievement, emphasising its role in advancing the company's position in the global market for heavy rare earth elements (REEs).
The terbium oxide sample of more than 2.8 kilograms with a purity exceeding 99.5%, showcases IonicRE's advanced separation and beneficiation processes. The development enhances its partnerships with key industry players Less Common Metals and Ford Technologies, and aligns with the broader goal of establishing a secure and sustainable supply chain in the Western world for critical REEs.
Terbium is essential for enhancing the performance of magnets used in wind turbines and electric vehicles.
Looking ahead, Ionic Technologies, a subsidiary of IonicRE, is on the cusp of starting continuous separated magnet REO production at its demonstration plant, marking a pivotal moment in meeting the burgeoning demand for REEs in the Western markets.
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Proactive Investors
Jonathan Jackson
+61 413 713 744
