Posted on 04/03/2022 9:00:25 PM PDT by nickcarraway
Iluka Resources on Monday committed to building Australia's first rare earths refinery after lining up A$1 billion ($749 million) in cheap debt from the government, which wants to diversify critical minerals supply away from China.
The mineral sands producer's Eneabba refinery in Western Australia is expected to cost between A$1 billion and A$1.2 billion, with production of light and heavy rare earths crucial for a range of tech applications - from electric vehicles to missiles - due to begin in 2025.
The new plant is key to a push by the United States and allies, including Australia and Japan, to develop new sources of a range of critical minerals, including rare earths, to counteract China's dominance over those supply chains.
(Excerpt) Read more at channelnewsasia.com ...
Yeah. We better get cracking on all of that “diversify critical minerals supply away from China” business.
Not much chance here unless we find a way to eliminate the Left, but we have to try.
Sounds like Putin has convinced at least Australia to STAND UP TO THE GREENS, and tell them to shove it when it comes to the ‘carbon footprint’.
Hopefully the war continues long enough to give Germany that same level of backbone.
“The plant will have capacity to produce 5,500 tonnes a year of rare earth oxides neodymium and praseodymium (NdPr) and 750,000 tonnes a year of dysprosium and terbium (Dy+Tb).”
i imagine they’re probably not having much luck with producing unobtainium (UnOb) ...
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