Inside Europe’s biggest rare earths factory on Russia's doorstep | Metals Mine

  • Inside Europe’s biggest rare earths factory on Russia's doorstep

    From cnbc.com

    The European region currently imports nearly all of its rare earth magnets from China, although Suleman expects Neo’s Narva facility to be capable of fulfilling around 10% of that demand. “Having said that, our view of that number is something like 20,000 tons. So, we’d have a lot more work to do, a lot more building to do because I think the customers have a real need to diversify their supply chains,” Suleman said. “We’re not talking about independence from any jurisdiction. We’re just talking about creating robust and diverse supply chains to reduce concentration risk,” he added. Neo has previously ... (full story)

Comment Options
  • Story Stats

  • Related Stories