Nippon’s rare earths project in Jamaica on hold
Published: Thursday, 07 August 2014
Dull demand and prices in the rare earths market have led Nippon Light Metal to take the decision to stop developing its red mud beneficiation-based project in Jamaica. The Japanese company will continue refining the process while waiting for more profitable market conditions.
Japan-based Nippon Light Metal Co. and the Jamaican
government have decided to stop developing a process to extract
rare earths from red mud effluent left over from bauxite
refinement, due to unfavourable market conditions. Nippon and
the Jamaican Bauxite Institute (JBI) said the decision was
taken as current low prices...