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Hastings Secures African Monazite Supply for Thai Hydromet Plant Launch
8:38am on Tuesday 14th of April, 2026 AEST
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Hastings Secures African Monazite Supply for Thai Hydromet Plant Launch
8:38am on Tuesday 14th of April, 2026 AEST
Key Points
Framework Offtake Agreement for 5,000 tonnes per annum of African monazite concentrate
Hydromet plant commissioning set for June 2026 with production targeted by Q4
Plant capacity expandable from 6,000 to 30,000 tonnes per annum from 2027
Monazite concentrate contains magnet-critical rare earths including NdPr, Dy, and Tb
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