U.S. International Development Finance Corporation (DFC) Investment The U.S. International Development Finance Corporation (DFC) has committed to funding TechMet’s $50 million investment in the Phalaborwa rare earths project in South Africa. This funding decision was announced at COP28 and is aimed at increasing the production of metals vital for clean energy technologies. Strategic Importance of Phalaborwa Project The Phalaborwa project...
Rare_Earth news
Vietnam Plans to Dramatically Increase Rare Earth Metals Mining by 2030
The government of Vietnam has developed a plan to significantly boost rare earth metals mining in the country to 2.02 million metric tons per year by 2030, according to Reuters. Last year’s mining volume amounted to 4,300 tons, meaning it will need to increase approximately 470 times over the next eight years. Vietnam currently ranks sixth in the world in...