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Australian rare earth firm to select US plant site by year-end

The date of： 2025-10-27

viewed: 17

来源：mining.com

Australian Strategic Materials Ltd. aims to choose a location for its planned US rare earths plant by the end of this year, capitalizing on President Donald Trump’s backing for the sector amid growing rivalry with China.The firm has been in discussions with the Pentagon about funding to support a plant in America producing metal for rare earth magnets, chief executive officer Rowena Smith said in a Bloomberg TV interview on Friday. It already operates one metal plant in South Korea, and also wants to build a mine at its deposit in Australia.

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