Lynas: Deadline Extension in Malaysia
Rare earths refinery allowed to continue full-scale operations until 2024.
Lynas: Deadline Extension in Malaysia
Economy
Vietnam Significantly Increases Rare Earths Production
Vietnam Significantly Increases Rare Earths Production
The Southeast Asian country has the second-largest reserves of the raw materials following China and could play an important role in diversifying supply chains.
MP Materials Sales and Profits Decline
MP Materials Sales and Profits Decline
Revenues for rare earth oxides dropped in the first quarter.
Japan and S. Korea Announce Resumption of Finance Ministers’ Meeting
Japan and S. Korea Announce Resumption of Finance Ministers’ Meeting
The announcement comes ahead of the first visit to South Korea by a Japanese premier since 2018. The two neighbors aim to normalize relations and agree to resume economic cooperation.
Australian Strategic Materials to Source Rare Earths From Vietnam
Australian Strategic Materials to Source Rare Earths From Vietnam
Agreement signed with Vietnam Rare Earth Company. Further processing is to take place in South Korea.
Rio Tinto Expands Rare Earths Branch
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.