- Write by:
-
Friday, January 22, 2021 - 12:20:48 PM
-
630 Visit
-
Print
Mining News Pro - Lynas Corporation has inked an agreement with the United States Government to build a light rare earths separation plant in Texas.
This follows Lynas’ agreement with the United States Department of Defense to deliver phase one work on a heavy rare earth separation facility in the United States.
Should that proceed to the next phase, the Texas facility will house both heavy and light rare earths processing facilities.
The plant will process material that is directly sourced from Lynas’ cracking and leaching plant under development in Kalgoorlie, Western Australia.
It is expected to produce around 5000 tonnes a year of rare earths products, including around 1250 tonnes a year of neodymium-praseodymium (NdPr).
Lynas chief executive Amanda Lacaze said as the only non-Chinese commercial producer of separated rare earths products to the global marketplace, Lynas was delighted by the opportunity to develop a light rare earth separation facility in the United States.
“While demand for rare earth materials continues to grow, COVID-19 has exposed the risks within global supply chains of the single sourcing of critical materials,” she said.
“This agreement is consistent with the US Government’s commitment to rebuild the domestic industrial base, while working effectively with partner nations.
“…This secure (domestic) supply will provide the essential foundation for the renewal of downstream specialty metal making and permanent magnet manufacturing in North America.”
Lynas expects the Department of Defense funding to be capped at around $US30 million ($39 million), in addition to Lynas’ expected contribution of $US30 million.
Rare earths are essential ingredients in the making of electric vehicles and electronics as well as in defence applications.
Short Link:
https://www.miningnews.ir/En/News/610163
A Russian arbitration court ruled on Monday that four units of Swiss commodities trader Glencore will pay more than 11.4 ...
A Native American group has asked all members of a US appeals court on Monday to overturn an earlier ruling that granted ...
The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13 to comply ...
The world’s coal-fired power capacity grew 2% last year, its highest annual increase since 2016, driven by new builds in ...
Peabody Energy Corp. shares sunk to the lowest in seven months after the biggest US coal miner warned that first-quarter ...
Rio Tinto said on Wednesday it is teaming up with a global venture studio and start-up investor to back the development ...
BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being ...
Rare earths prices in top producer China jumped to their highest in more than seven weeks on Monday on a wave of ...
i-80 Gold fell by over 11% at market open Tuesday following its announcement of a C$100 million ($74m) public offering ...
No comments have been posted yet ...