The move reflects the growing realization in Washington that efforts to combat climate change will be moot unless the it boosts its production of critical minerals.
The Centenario project was attractive despite a drop in lithium prices and full ownership would let Eramet decide how to pursue a planned second production facility.
With Myanmar responsible for 57% of global dysprosium and terbium supply, prolonged disruption would limit feedstock for permanent magnets used in virtually all EV motors.
