Arafura signs NdPr Offtake Agreement with Siemens Gamesa

Image: PixabayImage: Pixabay
The NdPr from Nolans will be used in the manufacture of permanent magnets used in offshore wind turbines assembled at Siemens Gamesa’s Cuxhaven production facility in Germany

Official Press Release Arafura:

Arafura signs NdPr Offtake Agreement with global wind turbine manufacturer Siemens Gamesa Renewable Energy

Offtake agreement signed with Siemens Gamesa Renewable Energy A/S to supply NdPr from the Nolans Project (5-year term with the option to extend the term for a further 2-years by mutual agreement) / The annual contract quantities of NdPr metal will increase to 400 tonnes per annum (an NdPr Oxide equivalent of 520 tpa) when the Nolans Project achieves nameplate production capacity / This is the 2nd offtake agreement to be signed, with approximately 53% of the targeted 85% annual production from Nolans secured under long-term sale arrangements now contracted

Arafura Rare Earths Limited (ASX: ARU) (Arafura or the Company) is pleased to announce the signing of an offtake agreement (Offtake Agreement) with Siemens Gamesa Renewable Energy A/S. The Offtake Agreement is for... ... More: Official Press Release Arafura

Siemens Gamesa, Arafura, rare earth, wind turbine, manufacturer, contract, supply, Nolans Project, Australia

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