U.S., Seeking to Cut Reliance on China Rare Earths, Inks Deal With Eco-Friendly Lynas
By Bruce Rule
13 August 2020
- Lynas, which earned a Gold Medal from green ratings firm EcoVadis, will design a rare earths facility in Texas as U.S. moves to decouple from China
- The facility will help break a reliance on China for materials used in high-tech products from phones to MRI machines, potentially opening the market for new opportunities.
- The choice of Lynas to design the facility may pressure future rare earths processing plants to commit to sustainable development.
The U.S. effort to reduce its dependence on China for heavy rare earths needed for high-tech products ranging from cell phones to missile systems is moving forward with a promise toward sustainable development.
The Department of Defense chose Lynas Corp. to design a separation facility that will process the materials, which will be sourced from the company’s mine in Western Australia. Lynas, the only major rare earths producer outside China, received a gold medal CSR rating from sustainability ratings provider EcoVadis, ranking in the top 5% of companies evaluated.
Read the full article here: https://karmaimpact.com/u-s-seeking-to-cut-reliance-on-china-rare-earths-inks-deal-with-eco-friendly-lynas/