Australia is missing from most of the Rare Earth Elements supply chain, even though the country is rich in the resource.
Australia and the entire Western world is completely reliant on China for the permanent magnets that drive wind turbines, electric vehicle motors and are important in defence, aerospace and other applications.
Governments are becoming increasingly concerned about this supply chain vulnerability, given REE magnets will be key to achieving looming clean energy targets.
There are Australian companies working to build mineable and viable REE resources, with a handful moving into early production stages.
The Federal Government is joining allies in working to fast-track the industry through the introduction of a Critical Minerals Strategy later this year.
So it’s hard to imagine there could be a better time for investors to learn about exposure to Rare Earth Elements – a market expected to be worth AUD$23 billion by 2030.
Download your free Thematica Report ‘From Mine to Magnet: An Investor’s Roadmap to Rare Earth Elements’ HERE.