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Rainbow Rare Earths Plc

What Can Your Electric Vehicle Do For You?

This week’s news brought plenty of evidence that the electric vehicle market is maturing. As they get cheaper and better, as manufacturers take advantage of the vehicles’ newer, simpler drivetrains, we need to ask: What can an electric vehicle do better for me than a traditional vehicle can?

 

Rainbow Rare Earths Ltd (LON:RBW) focus is the Gakara Project in Burundi, one of the highest-grade (47%-67% Total Rare Earth Oxide) rare earths projects globally and the only African producer.

The Company began production of rare earth concentrates in Q4 2017 and is currently ramping up to a targeted run rate of 5,000tpa by the end of 2018 and 6,000tpa by the end of 2019. Rainbow has a ten-year distribution and offtake agreement with multinational thyssenkrupp Raw Materials secured for the sale of at least 5,000tpa of concentrate produced.

The Gakara basket is weighted heavily towards the magnet rare earths, including neodymium and praseodymium, which are driving demand and account for 70% of annual global REE sales due to their use in vital components in motors, generators, wind turbines, and electric vehicles.

 

 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.