The German industry held a high-level meeting regarding raw material resilience in Berlin this week. Core event was the publication of a study on Germany’s raw material import dependence. Meanwhile, Aclara Resources and Neo Performance Materials, two companies in the critical minerals sector, made significant announcements—the details in our roundup.
Raw Material Dependency: A Billion-Euro Risk for Germany’s Economy
Despite being widely recognized, Germany’s dependency on imported raw materials has increased. This poses a growing risk to domestic prosperity and competitiveness, as outlined in a new study by Roland Berger and the Federation of German Industries (BDI). At the same time, the authors suggest potential paths to reduce this critical dependency.
To the article.
Neo Performance Materials Reports Mixed Bag for the Third Quarter
Toronto-based Neo Performance Materials reported figures for the third quarter on Thursday, revealing a mixed bag: The rare metals division performed significantly stronger than in 2023 despite a challenging market environment for rare earths. However, overall revenue declined compared to the same period last year.
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Aclara Secures U.S. Government Support for its Rare Earth Separation Plant
Chilean mining company Aclara Resources announced that the United States government will support the company in finding a suitable location for its planned rare earth separation plant in the U.S. The Department of Commerce will conduct a study regarding financial incentives, infrastructure, and permitting and regulatory environment to find the optimal location.
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Critical Minerals: Kazakhstan Aims to Enhance Global Position
Kazakhstan plans to expand its global share in critical mineral production. The Kazakh Prime Minister chaired a government meeting discussing the country’s international position in the sector and ways to enhance this. Besides a ramp-up of mining activities, the Central Asian country will examine a build-up of permanent magnet production and recycling.
To the article.
