Trump backs US$50 million investment for South Africa rare earths
Two enormous sandlike dunes at an old chemical processing plant in South Africa are at the centre of an exploratory US-backed project to extract highly sought-after rare earth elements from industrial mining waste.
The Phalaborwa Rare Earths Project has US support through a US$50 million equity investment by the government’s International Development Finance Corporation and is part of accelerated US efforts to reduce its reliance on China for the minerals crucial for making electronic devices,...
US-backed rare earth project in SA
- U.S.-backed South Africa rare earth project aims to challenge China’s grip Seeking Alpha —
- New rare earth mineral facility using new extraction technique set to open in South Africa AP News —
- US backs South African rare earths project Boston Globe —
- The US backs a South Africa project to extract rare earths despite a diplomatic clash ABC News —
- US backs a South Africa project to extract rare earths as it counters China AP News —