A new industry association was launched in Brussels last week with the aim of bringing together all the players in the supply chain of rare earth metals, which are vital to renewable and low-carbon technologies.
Named Rare Earths Industry Association (REIA), the group has 12 founding members from nations such as the UK, Germany, France, the Netherlands, Japan and China. It is the first rare earths trade association in Europe and the only one outside of China.
“It is not about being resource independent,” Milan Grohol said “It is about diversification of supply”. In other words, looking for sources away from China.
Rainbow Rare Earths Ltd (LON:RBW) is a mining company focussed on production from, and expansion of, the high grade Gakara Rare Earth Project in Burundi, East Africa. With in-situ grades in the range of 47-67% Total Rare Earth Oxide (TREO), Gakara is one of the world’s richest rare earth deposits.