source:REUTERSAustralian rare earth miner Vital Metals said on Tuesday it had started production at its Nechalacho project in Canada’s Northwestern Territories last month.The miner said it has begun crushing ore and expects to hit full production rates in July.Rare earth elements are of strategic significance. Most automakers also use rare-earth-based magnets in electronic vehicle motors.China dominates the global production of the raw materials, which are expensive. Australia’s Lynas, a much larger rival of Vital, is the biggest non-China supplier of the product.
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2021
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source:MINING WEEKLYAim-listed Pensana says that, following the recent ￡15-million premium equity raise which was strongly supported by the company’s major shareholders, early-stage development has started on the establishment of its rare earth processing hub at the Saltend Chemicals Park in Humber, in the UK.The Saltend plant will be the first major rare earth separation facility to be built in over a decade and the first to be located in a freeport.The final tax and customs regimes for the Humber Freeport are being finalised but are expected to take the form of an economic enterprise zone, p...
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2021
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source:MRTThe boom in demand for raw materials for electromobility or the development of a hydrogen economy could open supply gaps – advisors to the federal government are now recommending that the economy conduct a comprehensive review of its supply chains. “Good risk management is important for companies,” warns the head of the German Raw Materials Agency (Dera), Peter Buchholz. You should “examine the relevant relationships, identify weak points and work out strategies with the suppliers on how they can protect themselves from failures and strong price volatilities”.Dera is examining the si...
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2021
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source:The west AustralianMount Ridley Mines is ramping up exploration across its namesake project in the southern Goldfields of Western Australia. The company’s evaluation of its extensive ground-holdings in the region has highlighted its potential to host shallow, clay-hosted rare earth element, or “REE” deposits, with nearby explorers being rewarded with considerable success.REEs have in recent years once again shot to the fore on the back of rising demand from the burgeoning electric vehicle market and the listing of speciality metals as “critical” to future development by a rash of indust...
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2021
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