Iluka Resources will build Australia's first rare earth refinery after receiving A$1 billion ($749 million) in debt from the government, which wants to shift critical mineral supplies away from China.

London-listed Pensana, which has made considerable progress on its rare earth project in the past six months, is looking to establish a stand-alone and sustainable magnetic metal rare-earth production facility in Saltend, UK, to meet the needs of the electric vehicle and offshore wind industries.

IMPACTS OF RUSSIA-UKRAINE CONFLICT ON TUNGSTEN MARKET & PRICE

PART V OF X

RMB Exchange Rate VS Price of Tungsten Under The Background of the Russia-Ukraine Conflict

American Rare Earths Ltd (ARR) has further demonstrated the potential of rare earths following an extensive geological mapping and surface geological sampling program at its flagship La Paz project in Arizona, USA. The company has received good assay results from recent field geochemical samples and continues to support further exploration activities at La Paz.