The Southeast Asian country is a major producer of tungsten and holds large, still largely untapped reserves of other critical minerals such as rare earths.
The economic bloc will gain access to India’s rapidly growing market, while the subcontinent is expected to benefit from increased investment and new export opportunities. The raw materials sector, in particular, could see long-term gains.
According to the company, the transaction is expected to create the largest producer outside China covering the full mine-to-metal supply chain.
US Strategic Metals announces partnership. Raw materials will come from regional sources, while processed products are intended for the U.S. and its allies.
Leading rare earths producer outside China reports quarterly results.
In the first call, 60 projects were already selected. Under the EU Critical Raw Materials Act, these projects can benefit from faster approvals and easier access to funding.