Pensana reported Monday on progress at its Coola project in Angola. The deposit of heavy rare earths could complement Pensana's portfolio
China wants to consolidate its rare earth industry. Insiders think that the aim is to gain more influence on the pricing of strategic raw materials.
The end of the internal combustion engine is set to become a reality from 2035. Large quantities of strategic raw materials are needed to produce e-cars. Australia could become an alternative to China.
Rare earths are also found in the USA, but there are no processing plants for the extracted material. This is now set to change and Utah is set to become a hub for the critical raw materials.
The Greenlandic government wants to legally ban rare earth mining at the Kvanefjeld mine.
Germany's Ministry of Transport provides funding for the "Fuel Cell Production" action plan. This is intended to make automotive suppliers fit for fuel cell technology.