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source:KITCO miningVital Metals (ASX: VML) announced today that it has commenced rare earth production at its Nechalacho project in Northwest Territories, Canada.The company said it has commenced ore crushing and that ore sorter installation completed with its commissioning underway. Blasting and mining activities ramped up with first ore mined on 29 June 2021 and stockpiled for crushing.Vital added it will stockpile beneficiated material for transport to Saskatoon rare earth extraction plant later this year.The company pointed out that it is now the first rare earths producer in Canada and on...
Release time: 2021 - 07 - 07
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.
Release time: 2021 - 07 - 07
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...
Release time: 2021 - 07 - 06
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...
Release time: 2021 - 07 - 05
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