Published 2 years ago

Neo agrees to buy Greenland rare earth project from Hudson Resources

Summary by Ground News

One of the world’s few rare earths processors outside China has bought exploration rights to mine in Greenland, opening an avenue for diversifying supplies of the minerals critical for advanced and green technologies. Rare earths are a group of minerals used in the manufacture of electric vehicles, wind turbines, electronics, robots and other machinery. China currently dominates global production, processing about 85% of the world’s rare earths, but skyrocketing demand is pushing companies to look for other sources.

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Reuters

Neo agrees to buy Greenland rare earth project from Hudson Resources

LONDON - Neo Performance Materials has agreed to buy a rare earth mining project in Greenland owned by Hudson Resources to supply its growing needs for the minerals to produce permanent magnets, the two Canadian-listed firms said on Monday. The European Union wants to develop domestic output of rare earth magnets - key for both electric vehicles and wind turbines - to help meet targets

2 years ago·United Kingdom

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Associated Press News

Rare earths processor buys rights to mine in Greenland

BEIJING (AP) — One of the world’s few rare earths processors outside China has bought exploration rights to mine in Greenland, opening an avenue for diversifying supplies of the minerals critical for advanced and green technologies.

2 years ago·United States

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abc News

Rare earths processor buys rights to mine in Greenland

2 years ago·United States

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Irish Independent

Rare earths processor buys rights to mine in Greenland

2 years ago·Ireland

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KRDO

Rare earths processor buys rights to mine in Greenland

By DAKE KANG Associated PressBEIJING (AP) — One of the world’s few rare earths processors outside China has bought exploration rights to mine in Greenland, opening an avenue for diversifying supplies of the minerals critical for advanced and green technologies. Toronto-based Neo Performance Materials say they plan to ship ores from the mine to their processing plant in Europe within a few years. China dominates global production, but skyrocketin…

2 years ago·Colorado Springs, United States

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