The two companies will work towards potential offtake agreements, paving the way for a rare earth supply chain from South Korea to the UK and Back.
This week once again showcased the deep ties between raw materials and geopolitics.
The plant will produce lithium, rare earth, and other critical mineral products.
This week, the European Union unveiled an agenda seeking to secure the bloc’s future competitiveness.
Dysprosium is a key ingredient in rare earth magnets to enhance strength and high-temperature resistance.
The Demonstration plant in Luleå, Sweden, marks the first step in establishing an industrial park dedicated to critical minerals.