Increasing application of rare earth metals in several key end-use industries is anticipated to fuel their demand over the next few years. Also, major sectors such as energy and automobile are exhibiting a tremendous use of rare earth metals. This, in turn, is favouring the growth of global rare earth metals market.
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.