Original article by Angus Grigg
The Australian Financial Review – Page: 2 : 4-Jun-20
Rare earths miner Hastings Technology Metals has secured a 10-year off-take agreement with German automotive parts group Schaeffler. Hastings COO Andrew Reid says Schaeffler was keen to finalise the agreement given that rare earths supply from China has been disrupted by the pandemic and Australia has performed well in containing the coronavirus. Hastings aims to commence work on a rare earths processing plant in Western Australia in 2021, with initial production by 2023.
HASTINGS TECHNOLOGY METALS LIMITED – ASX HAS,SCHAFFLER TECHNOLOGIES AG