Kazakhstan is set to start producing rare earths next year through a joint venture between state-owned uranium producer Kazatomprom and Japan’s Sumitomo, according to a press report.
In an interview with Kazatomprom’s director of strategic development, Sergey Dara, Dow Jones reported that the project would produce 1,500 tonnes of rare earth concentrate in 2012.
Named the Summit Atom Rare Earth Co. (SARECO), the project is located in Ust-Kamenogorsk in...