RE: Chemical extraction15 Nov 2020 22:37
Previously posted 5/10
Techmet
Oct. 5, 2020 400 am ET
On Monday, Ireland-based TechMet Ltd. said the U.S. International Development Finance Corporation, a state-funded lender and investor, had made a $25 million investment in its projects that produce and recycle resources like battery metals nickel and cobalt.
TechMet, if you didn’t know. From their site.
TechMet has made an equity investment and is exploring options with Rainbow to develop downstream processing capacity to turn Rainbow’s high-grade concentrate into high-value rare earth products.
Global demand for rare earths is growing significantly, driven by increased use of permanent magnets in EVs, mobile phones and renewables.
Major strategic value in creating non-Chinese supply of high-value rare earth chemicals with a captive, long-term feedstock.