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Developing a Low Cost Rare Earth Project - Paritech The rare earth market NGUALLA RARE EARTH PROJECT Industry breakdown –LREO vs. HREO LREO and HREO overview Magnet demand key REO driver • LREO's (Nd, Pr, La and Ce) represent 89% of the market by volume and 64% by value • HREO market is very niche (20kt) – Given low volumes, one new project may disrupt prices Peak Resources to establish Rare Earth Refinery in the UK ASX-listed Peak Resources has selected the location of its proposed rare earth refinery at Tees Valley on the north east coast of the United Kingdom.Peak Resources and its partners are developing the Ngualla rare earths project in Tanzania into a low cost, next generation rare earth project aligned to the "high value, expanding magnet metal market. Peak Resources Limited (ASX:PEK) Successful Completion of ... The Ngualla Rare Earth Project in Tanzania is a recent discovery and the highest grade of the large undeveloped rare earth deposits. Fundamental geological aspects of the central Bastnaesite Zone targeted for first production offer distinct advantages for development over other rare earth projects.    Read More