Materials/Manufacturing
SRC Lines Up Feedstock for New Processing Plant in Canada Amidst Resolute Government Backing to Seize Economic Opportunity in Rare Earths & Magnet Production Domestically
The Saskatchewan Research Council is lining up supplies of feedstock to funnel into its new rare earth processing facility in central Canada that is aimed to catalyze a mines-to-magnet supply chain for the country. In recent moves it has forged agreements with Hung Thinh Group to import rare earth carbonate from Vietnam and purchased $3 million worth of stockpiled rare earth material from Vital Metals – adding to previously arranged supplies to come from Commerce Resources’ Ashram property near Quebec. The actions come amidst resolute efforts by the provincial and federal governments to seize the economic opportunities that a domestic rare earths and magnet industry can mean – and by SRC to become an industry leader. […]