Business UpdateMay 12, 2026, 08:32 AM
Critical Metals to Boost Hafnium Supply Amid 70% Demand Surge by 2030
AI Summary
Critical Metals Corp. highlighted industry forecasts indicating global hafnium demand could increase by nearly 70% by 2030, driven by its expanding role in aerospace, semiconductors, and AI. The company expects its Tanbreez Project in Greenland to produce a minimum of 130,000 tons of concentrate annually by 2030, with high hafnium concentrations. A proposed joint-venture refinery in Romania is anticipated to produce 120-150 tons of hafnium per year, positioning Critical Metals as a strategic Western supplier to address the structurally supply-constrained market.
Key Highlights
- Global hafnium demand projected to increase by nearly 70% by 2030.
- Tanbreez Project expected to produce minimum 130,000 tons concentrate annually by 2030.
- Hafnium concentrations in Tanbreez concentrate expected to exceed 2,300 ppm.
- Proposed Romanian refinery to produce 120-150 tons of hafnium per year.
- Hafnium prices for 99.99% purity traded at $13M-$15M per ton in early 2026.
- Estimated annual supply shortfall of approximately 20 tons for critical applications.
- Global hafnium market for AI/data infrastructure could grow from $420M (2026) to $726M (2030).
- China accounts for approximately 75% of global hafnium production.