The energy transition is accompanied by a massive demand for raw materials. According to a new study, the EU is even threatened with supply bottlenecks for critical metals such as lithium and rare earths in the medium term.
Canada's only rare earth mine to date has completed its first production season. The raw materials are processed first in the country and then in Norway.
MP Materials is starting to build its rare earth magnet factory in Texas. The products are to be supplied to US automaker General Motors, among others.
Ucore Rare Metals is planning a processing plant for rare earths in Alaska. Thyssenkrupp will supply part of the raw materials required.
Schaeffler has signed an agreement with a European rare earth producer for the planned expansion of its electromobility division.
For the first time in about 20 years, partial separation of rare earth elements has been performed on a commercial scale in the U.S., reports Energy Fuels.