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Rainbow Rare Earths Plc

Will the new Rare Earth Industry Association reshape the industry?

As the global demand for technical innovation continues apace, today’s rare earths industry is unrecognisable from what it was just a couple of decades ago. It stands to be one of the most critical industries in the world for the foreseeable future.

Rare earth elements (REEs), are used in everything from medical diagnostics to the mobile phones an estimated 5.1 billion of us have in our pockets or bags, electric vehicle motors to the satellites that orbit the world, electronics manufacturing to defence. Thanks to their unique properties, it is likely no substitute will be found for these 17 essential metals.

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.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.