The long-awaited raw materials deal between the U.S. and Ukraine was finalized this week. In other news, Lynas, one of the largest rare earth producers outside China, reported on the past quarter, highlighting headwinds from global trade uncertainties—the details in our roundup.
U.S. and Ukraine Sign Long-Awaited Raw Materials Deal
The long-planned raw materials deal between the United States and Ukraine, temporarily put on hold, was finalized this week. At the heart of the agreement is the establishment of a joint fund to support the reconstruction of Ukraine. The country will contribute 50 percent of the revenues generated from the future monetization of its state-owned mineral resources, including oil, gas, and related infrastructure such as port facilities, into the fund.
To the article
Lynas: Global Trade Volatility Weighs – Heavy Rare Earth Production to Start Soon
Australian rare earths miner Lynas reported mixed quarterly results on Monday, citing ongoing global trade volatility as a key headwind for the industry. Despite a 22% increase in sales volumes year-on-year, the company’s sales revenue fell short of analysts’ expectations. However, the miner highlighted that heavy rare earth separation is progressing, with dysprosium and terbium production starting soon.
To the article
Report: EU Chip Industry Set to Miss Targets
In 2022, the EU introduced its Chips Act to strengthen the domestic supply of high-tech components and double its share of global chip production to 20 percent by 2030. However, according to a new report from the European Court of Auditors, the bloc is unlikely even to reach 12 percent at the current pace. The auditors point to insufficient investment and high energy costs as major obstacles, highlighting access to critical raw materials like gallium as a key challenge.
To the article
Aclara Launches Rare Earth Pilot Plant in Brazil
Chilean mining company Aclara Resources inaugurated its new rare earth pilot plant in Brazil on Monday. Located in Aparecida de Goiânia, central Brazil, the facility produces rare earth carbonate from ion-adsorption clays, a deposit type known for its high concentrations of heavy rare earth elements such as dysprosium and terbium. Full-scale operations are projected to launch by 2028.
To the article
