Business
CEO Newsletter
CEO Newsletter.
About this update from Critical Metals Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6791K\n Critical Metals PLC\n 06 January 2021\n \n \n \n \n Critical Metals plc / EPIC: CRTM / Market: Main Market / Sector: Closed End Investments\n \n \n 6 January 2021\n Critical Metals plc (\"Critical Metals\" or the \"Company\")\n \n CEO Newsletter\n \n Dear Shareholder,\n \n Whilst 2020 was a difficult year during which many businesses globally experienced disruptions, it was a significant year for Critical Metals with our listing on the Official List of the London Stock Exchange in September, marking an important and exciting milestone in our story. After listing we hit the ground running, entering into early stage discussions with a number of potential acquisition opportunities in an effort to advance our strategy to identify and acquire brownfield mining opportunities in the strategic metals sector while building value for shareholders.\n As you are no doubt aware, our focus is on commodities which have been identified by several governments as \"critical minerals\", meaning guaranteeing supplies is seen as a strategic necessity. Examples are antimony, beryllium, cobalt, copper, fluorspar, gold, rare earth elements, tin, tungsten and vanadium. The global strategic metals market is expected to grow from USD 23,125.13 million in 2018 to USD 57,452.13 million by the end of 2025 at a compound annual growth rate of 13.88%*, and demand for critical minerals has grown significantly in recent years as a result of increased appetite for new technology and electric vehicles, amongst other drivers. In addition, the on-going trade war between the USA and China has been instrumental in highlighting the importance of thinking strategically about critical minerals to ensure a stable supply of metals that will allow economies to operate and grow and avoid being at the mercy of foreign competitors. For example, China dominates current production of rare earth minerals.\n This increasing uncertainty regarding the supply and demand in the critical metals sector is the key driver behind our company strategy, as the need to invest in a stable supply becomes increasingly apparent.\n Initially your Board is considering acquisitions into operators or near term production operators within the natural resources development and production sector in the continent of Africa an...