Australian Strategic Materials will supply about 60% of USA Rare Earth’s needs for the making of permanent magnets for EVs and wind turbines.

The company will use a technologically innovative approach to produce high-purity separated magnetic rare earth oxides from waste phosphogypsum stacks.

Refining rare earths for the green energy transition is hard. Just ask MP Materials and Lynas.

A contribution of about $258 million by the US government is allocated to the project.

Prices of rare earth minerals have declined over the last year because of increased supply from top producer China.

License has a condition that bars the miner from importing and processing lanthanide concentrate from January.

The ISA cut a livestream of its members negotiations and retreated behind closed doors in an attempt to resolve a dilemma the could determine the fate of the deep ocean.