New Indian processing plant will be capable of producing 5% of global rare earth supply
Published: Friday, 29 August 2014
Indian Rare Earths Ltd. plans to dent the Chinese rare earth supply monopoly by producing 5,000tpa of metal oxides, due to sign a contract with Japanese buyers seeking supply security
Indian Rare Earths (IREL) is to construct a 5,000tpa rare
earth oxide (REO) plant which could result in it supplying
about 5% of the global demand for the critical metals.
Japans Toyotsu Rare Earths India Pvt. Ltd. (TREI) will
sign a contract to buy 2,000 2,300 tonnes/annum,