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Hastings Rare Metals Meets Key Rare Earth Users In European Trade Mission

Hastings Rare Metals (ASX: HAS) has taken part in a trade mission to Europe, meeting key end users of rare earths and lithium from both governments and industries.

Organised by the Western Australian Government Chamber of Minerals and Energy, the trade mission aimed to develop production, logistics and financing models to enable Australian rare earth producers to supply high tech and green energy industries in Europe.

Hastings was joined by representatives from the state government, Austrade, CSIRO, Curtin University and Monash University, along with a number of other companies.

As a result of its participation in the trade mission, Hastings has made top level contacts with European manufacturers that can facilitate future discussions.

The trade mission comprised a series of sessions across Germany, meeting with German companies and industry groups.

Hastings was involved in a number of these sessions and also contributed to reference group sessions on subjects such as rare earths and future energy usage.

The company was also involved in similar meetings in London and Paris.

Steve Mackowski, technical director of Hastings Rare Metals, said the trade mission had allowed the company to meet key players in Europe.

"The Germans gave us a clear view of their needs for rare earths and their need for supply security for their hi-tech and green energy applications," Mackowski said.

"The French situation is just as critical as the German one. The hi-tech and green energy industries urgently need to obtain long term, stable supply of their rare earth and other strategic metals.

"We have now met the key end users and the senior staff with responsibility to provide long term secure supply for their industries. Discussions can now get underway at the highest levels of our businesses.

"We have some exciting work ahead of us. A clear path to production, partnering and financing is now in sight."

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