As rare earth prices continue to rise, bringing more explorers into the space, Australian Strategic Materials (ASX: ASM) looks to have a clear lead on the chasing pack with the Korean Institute of Rare Metals (KIRAM) successfully testing their rare earth powders for suitability in electric vehicles. Testing was conducted on ASM’s high-purity neodymium-iron-boron (NdFeB)
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As the United States seeks to reduce their reliance on Chinese raw materials and resources, Aussie mining company Lynas Rare Earths (ASX: LYC) has secured lucrative backing from the US Department of Defence to build a Rare Earths facility in Texas which will be critical in meeting demand for electric vehicles. The backing comes with
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Amid global interest in Rare Earths following President Trump’s desire to decentralise supply from China which dominates the market, Pensana Rare Earths (ASX: PM8) is preparing to establish a processing facility that would be the world’s first sustainable magnet metal supply chain. Specifically, a new UK facility would integrate Pensana’s Longonjo project in Angola which
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The first producer of heavy rare earths in Australia, Northern Minerals (ASX: NTU), is set to finally resume business as normal having reached a settlement with the Australian Taxation Office over a claim that dates back to 2016, albeit conceding $21.3 million in the process. The dispute relates to Research and Development expenses incurred by
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