Investor Presentaiton
NdFeB demand
'000 tonnes NdFeB
Global Market is Moving towards Supply Deficit
Market for NdPr expected to be in deficit over coming decade due to strong demand growth
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HASTINGS
Technology Metals Limited
600
■NEVS
Wind Turbines
500
■ICES
Electronics
400
Other
300
200
100
0
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
SOURCE: CRU. ICE = Internal combustion engine
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
NdPr market balance
tonnes NdPr
2) Shift to deficit in 2022
4)... but supply gap
accelerates from 2027
onwards
1) Market well
supplied due to
growth in
Chinese quotas,
demand impact
from COVID-19
3) Incoming projects and
Chinese ramp-up put limit
on deficit in mid-2020s...
2018
2019
2020
2021
2022
2023
2024
SOURCE: CRU
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
Global NdFeB demand expected to increase 3.9x
over the period 2020-2038 (CAGR 8.3%)
Primary drivers are take-up of EV's and Wind
Turbine development
Sizeable supply gap emerges in later part of this
decade without prompt new investment
Yangibana expected to supply 6-8% of global NdPr
requirements when it comes online.
Source: CRU Report Commissioned by Yangibana Project Finance Lenders, August 2021
Hastings Technology Metals Limited (HAS.ASX)
(Yangibana 3.750 Kt p.a./ Market Demand 58.0 Kt p.a. (source CRU Aug 2021)
Source: CRU Report Commissioned by Yangibana Project Finance Lenders, August 2021
Investor Presentation, 25 November 2021
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