In continuing its efforts to be a forerunner in the establishment of an independent rare earth elements (REEs) supply chain in the UK, London-listed Rainbow Rare Earths has entered into a strategic supply agreement with Less Common Metals (LCM) to develop a Western supply chain for REEs. In terms of the agreement, Rainbow will supply LCM with REEs designated as critical minerals, with LCM being the only rare earth metal and alloy manufacturer in the UK – and one of the few facilities outside of China.
In continuing its efforts to be a forerunner in the establishment of an independent rare earth elements supply chain in the UK, London-listed Rainbow Rare Earths has entered into a strategic supply agreement with Less Common Metals to develop a Western supply chain for REEs.
The materials that Rainbow will supply to LCM, magnet-separated rare earth oxides neodymium, praseodymium, dysprosium and terbium, are the most economically important REEs owing to their use in making permanent magnets, which are, in turn, essential to decarbonisation as they are used in the manufacture of wind turbines and electric vehicles.
“Using its expertise to expand in the US and the EU, LCM will be instrumental in meeting the huge demand for permanent magnets,” he adds.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jessa Duggar Pregnant, Expecting 5th Baby With Ben SeewaldJessa Duggar and her husband, Ben Seewald, who share four children, are expecting their rainbow baby
Read more »
Los Angeles Schools Host LGBT 'Rainbow Club' for Kids as Young as 5The Los Angeles Unified School District is hosting a 'Rainbow Club,' to teach kids as young as five years old about LGBT-related topics.
Read more »
Jessa Duggar is expecting her 5th child with Ben Seewald: ‘Rainbow baby’The TLC star revealed in February 2023 that she experienced a miscarriage during her first trimester.
Read more »
UK police catch terrorism suspect who escaped from a London prisonBritish police say they have captured a former soldier who escaped from prison while awaiting trial on terrorism charges.
Read more »
London police find and arrest fugitive terror suspect Daniel KhalifeLondon’s Metropolitan Police have found and arrested Daniel Khalife, the force announced Saturday, marking the end of a three-day manhunt for the terror suspect who escaped from prison on Wednesday.
Read more »
UK police catch terrorism suspect who escaped from a London prisonBritish police say they have captured a former soldier who escaped from prison while awaiting trial on terrorism charges
Read more »