Peak Resources to build UK's first-ever rare earths refinery in North Yorkshire

By William Clarke
Published: Friday, 28 May 2021

Peak Resources will build the UK's first rare earths refinery after the Australia-listed mining company took out a £1.85-million ($2.63 million) lease on a production site in Redcar on the River Tees in North Yorkshire, England.

Construction of the site is expected to cost £160 million and will benefit from tax, customs and infrastructure planning benefits via the UK's freeport system, Peak Resources said.

"This is a significant milestone for Peak [Resources] and our strategy to...

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