The company booked a $1.175 billion impairment charge against its two Australian alumina refineries in its second-quarter results.

The mine was placed on care and maintenance in April 2020.

Apart from Asia and Oceania, all other regions outside China recorded increasing levels of activity.

Making pellets accounts for about 15% of steel industry emissions.

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

DSO, which is a relatively unprocessed ore and is easier to produce, is expected to provide an early source of revenue for the company.

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

The company and Calix received board approvals to build a demonstration plant to process lithium at the Pilgangoora project in Western Australia.