picked Teesside after weighing up 24 different possible locations for the refinery. “A key point of attraction is that there’s no requirement to pay any tariffs to the extent that materials are imported and then exported. This makes Teesside a very competitive location for a project like ours,” he told The Australian Financial Review.
While many companies are already paying attention to the increasing demand for NdPr oxide across the globe, however, Peak’s market cap is currently a lot higher than a week ago. This is mainly on account of the company’s announcement on Thursday (22 July), regarding the Tanzanian government’s approval of an application for a special mining licence, which led to a 44 per cent bounce in stock that day.
