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Peak Resources main minerals neodymium (Nd) and praseodymium (Pr) are the core ingredients for manufacturing permanent magnets (NdFeB magnets), which are used in high-efficiency electric-motors and generators enabling low carbon technologies, like wind energy, E-mobility and many others. The demand for NdPr is expected to grow rapidly as one of the core enablers for the upcoming new technology chapter.
Peak Resources production basket is in line with the highest value and growth market. NdPr accounts for 80% of Peak Resources’ revenue and represents the main focus of the marketing sales and business development strategy. With its unique Ngualla deposit in Tanzania, Peak Resources is perfectly positioned to become a sustainable and long term supplier to meet increased global demand.
Automotive
NdPr drives almost
all E-vehicles
More than 90% of electric vehicles are using a Neodymium permanent magnet engine, each of which requires approx. 1kg pure NdPr oxide. ...
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Wind Energy
NdPr generates clean Energy
Annual growth rate/ CAGR for new installed capacity was 24% between 2000-2015. 1 megawatt of an Direct Drive Wind Turbine contains approx. 200kg pure Nd/Pr oxide. ...
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Other Applications
efficiency and productivity in society
"The actual path of a raindrop as it goes down the valley is unpredictable, but the general direction is inevitable," says digital visionary, Kevin Kelly — and technology is much the same, driven by patterns that are unexpected but inevitable. ...
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China
tackling its rare earth industry issues
History has a habit of repeating itself. Each society goes through different stages in its development and it’s time for China to tackle his environmental and rare earth industry issues. ...
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"Notice of the Ministry of Industry and Information Technology of the Ministry of Natural Resources on Issuing the 2019 Total Control Index of Rare Earth Mining and Smelting Separation and the Total Control Index of Tungsten Mining"
Relevant provincial (district) industry and information authorities, natural resources authorities, ...
Legislation
to provide reliable and affordable power and sustainable e-mobility
50% of future demand growth underpinned by existing government policies including COP21 – The Paris Summit, Energy 2020 (Europe) and Kigali 2016 ...
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Research
Change is the law of life and those who look only to the past or present are certain to miss the future" John F. Kennedy ...
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