Episode Details

Hastings Technology Metals unveils plans for Kabin Buri Hydromet Plant in Thailand, set to generate first revenue this year. The plant aims to produce 6,000 tonnes of mixed rare earth chloride flake in Q4, generating $53.4 million in revenue and $21.6 million in pretax profit. Hastings holds 49% stake, earning $10.6 million in year one. Year two targets 12,000 tonnes, doubling revenue to over $106 million. The company secures high-grade African monazite concentrate and leverages Thailands cost advantages for a low-cost, fast-track market entry. This move transforms Hastings from miner to producer, funding their Australian project and targeting 30,000 tonnes annually.

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