Materials/Manufacturing
Shenghe to Acquire Neo’s Separation Assets in China for $30 Million; Backs Peak’s Tanzania Project for $96 Million
Chinese rare earths company Shenghe Resources continues to build its footrprint as a globally connected rare earths company. In two recent moves, it pledged to invest $96 million in Australian minerals firm Peak Rare Earths that provides critical funding for its mine development in Tanzania and agreed to pay Toronto-based Neo Performance Materials $30 million to acquire processing assets of Neo in China. […]