so a bigger Bentley deal coming?!9 Jun 2020 17:20
This year, Hypromag expects to announce a deal with the UK car company Bentley.
It has received a £2.6m grant from Innovate UK and a half a million pounds of investment and further partnership from an African junior mine, Mkango.
However, the Hypromag solution will only meet a fraction of the growing demand for rare earths, which analysts estimate will double by 2025.
Prof Walton believes that if Britain acts now and creates a scaled-up rare earths recycling industry, it could become a world leader.
The opportunity is huge, with many emerging technologies such as 5G demanding rare earths, on top of the growing need for established technologies such as phone handsets, microprocessors and wind turbines.