light rare earth elements

e-Power Technology

Japan Ponies Up Another AUDS$200 Million to Secure Rare Earths from Lynas 

March 21, 2023 Editorial Staff Comments Off on Japan Ponies Up Another AUDS$200 Million to Secure Rare Earths from Lynas 

Amidst rising demand for rare earth minerals to supply magnets for manufacturers of motors for electric vehicles and for wind turbines, Japan has committed another AUDS$200 million to Australian producer Lynas Rare Earths for a favored supply chain. The latest tranche, worth about US $135 million, brings total commitment up to about US$400 million.  […]

Materials/Manufacturing

DoD Awards Contract to Lynas to Build Rare Earths Plant in Texas

March 22, 2021 Editorial Staff Comments Off on DoD Awards Contract to Lynas to Build Rare Earths Plant in Texas

The U.S. Department of Defense wants to see bags of processed rare earth sitting on domestic soil, feeding the production of neodymium magnets in a politically secure supply chain. Its latest move toward the objective came in February when Australian-based Lynas Rare Earths Ltd, the largest rare earth element mining and processing company outside of China, was awarded a technology investment contract by DoD to build a rare earths processing plant in Texas. […]