Rio Tinto Expands Rare Earths Branch
The Anglo-Australian metals and mining corporation will acquire the high-grade scandium resource Platina Scandium Project in New South Wales from Platina Resources Limited for $14 million.
The Anglo-Australian metals and mining corporation will acquire the high-grade scandium resource Platina Scandium Project in New South Wales from Platina Resources Limited for $14 million.
The act is aimed to curb inflation and promote clean energy projects in the U.S.
The Rare Earth Magnet Manufacturing Production Tax Credit Act incentivizes the domestic production of rare earth magnets used, for example, in wind turbines.
This would be the fourth planned venture into electromobility by the American automaker and a step towards its goal of producing 1 million electric vehicles annually by 2025.
Increasing demand in new application fields combined with positive market sentiment and tightening supply pushes the global tellurium prices higher.
Australia is well on its way to achieving its climate targets, but the policymakers must adapt to geopolitical challenges and expand their efforts across all sectors, according to the International Energy Agency.