In its ongoing efforts to lead the establishment of an independent rare earth elements (REEs) supply chain in the UK, Rainbow Rare Earths, a London-listed company, has entered into a strategic supply agreement with Less Common Metals (LCM) to develop a Western supply chain for REEs
Under this agreement, Rainbow will provide LCM with REEs that are designated as critical minerals LCM is the sole manufacturer of rare earth metals and alloys in the UK and one of the few facilities outside China with this capability
LCM holds a unique position in the rare earths industry as it is the only Western company commercially producing both highly specialized strip-cast alloys and all the necessary rare earth metals required for manufacturing high-performance neodymium iron boron magnets
To access unabridged article, please click on the source link below.
LATEST NEWS
-
Uzbekistan’s $500 Million Quest for Rare Metals
30/04/2024
-
Digitization and unmanned aerial vehicles- how geologists work in Kazakhstan
30/04/2024
-
First Quantum Minerals Launches Extensive Geological Survey Project in Kazakhstan
29/04/2024
-
MetalsTech Secures 10-Year Extension for Sturec Gold Mine Operations in Slovakia
29/04/2024
MOST POPULAR
-
Europe’s Gabon-exposed stocks slide after military coup
-
Coal production at the “Kazakhstanskaya” mine has been suspended – labor union
-
Norwegian Mineral Strategy to ramp up production of materials crucial to global industry
-
In the realm of the United Kingdom, the suspension of the liquidation process for Ganberg and Gexior companies has transpired