ARU 2.56% 20.0¢ arafura resources limited

Ancient history, been very clear since early last decade that...

  1. 19,332 Posts.
    lightbulb Created with Sketch. 4533
    Ancient history, been very clear since early last decade that the innovation PMM was coming out of the Old World NOT China/Asia or US, half a dozen or so start ups across UK, Germany, Belgium, Netherlands and even Finland, and finally they are starting to get some more serious finance, however the critical point here is they ALL will be using Chinese manufactured NdFeB, right alongside VW's PMM component manufacturer in Germany for 500kpa ID.3 motors.

    The Germans particularly have woken to their stupidity in not moving 5/6yrs ago when they were approached to establish NdFeB manufacture, even with existing metal & mag IP they are now talking FIVE years to establish the commercial capacity required.

    This is a hell of a bottleneck that the Chinese are well positioned to take full advantage of, the three party contracts Gavin now spruiking little more than tissue paper to a raging bull.

    While the innovation certainly flowing from Eu it's not difficult to see China controlling 90% of PMM manufacture in 5yrs time.
 
watchlist Created with Sketch. Add ARU (ASX) to my watchlist
(20min delay)
Last
20.0¢
Change
0.005(2.56%)
Mkt cap ! $310.0M
Open High Low Value Volume
18.5¢ 20.0¢ 18.0¢ $1.986M 10.43M

Buyers (Bids)

No. Vol. Price($)
2 308000 19.5¢
 

Sellers (Offers)

Price($) Vol. No.
20.0¢ 378634 4
View Market Depth
Last trade - 16.10pm 29/11/2021 (20 minute delay) ?
(live)
Last
19.5¢
  Change
0.005 ( 2.26 %)
Open High Low Volume
18.5¢ 20.0¢ 18.0¢ 4805818
Last updated 15.59pm 29/11/2021 (live) ?
ARU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.