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Neo Performance Materials to acquire exploration license for rare earth element project in Greenland

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The project hosts a mineral deposit that is enriched in neodymium and praseodymium, two essential elements for rare earth permanent magnets used in electric vehicles, wind turbines, and high-efficiency electric motors and pumps that help reduce greenhouse gas emissions. Sarfartoq carbonatite drill cores.

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UP Catalyst offering carbon-negative graphite for European battery supply chain

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UP Catalyst , an Estonia-based company developing a method to produce sustainable carbon nanomaterials and graphite from CO 2 ( earlier post ), says that it can produce carbon-negative graphite, consuming 3.7 The valuable mineral for electric vehicle (EV) batteries is now considered a critical raw material.

Carbon 186
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Neo Performance Materials and Energy Fuels launching US-European rare earth production initiative

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Under an agreement in principle, subject to completion of definitive agreements, Colorado-based Energy Fuels will process natural monazite sands into an RE Carbonate beginning in March or April 2021 and ship a portion of that production to Neo’s rare earth separations facility in Sillamäe, Estonia (Silmet).

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Molycorp purchases remaining shares of European rare earth processing company

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Molycorp now owns 100% of the Sillamäe, Estonia-based facility, known as Molycorp Sillamäe. Molycorp, Inc. has purchased the remaining shares of Molycorp Silmet AS, one of only two rare earth processing companies in Europe. On 1 April 2011, Molycorp purchased a 90.023% stake in AS Silmet in a transaction valued at approximately $89 million.

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Molycorp to increase supply of rare earth materials to Hitachi Metals; the two call off US joint venture plans

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Rare earth materials and permanent magnets are utilized in a wide range of products, but are critical enablers for many clean energy technologies such as hybrid and electric-drive vehicles, wind turbines, and lighting as well as for consumer electronics, IT and communications systems, and defense systems.

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Credit Suisse Predicts Renewable Energy That Is “Too Cheap To Meter” By 2025

CleanTechnica EVs

Credit Suisse says the Inflation Reduction Act will have such a tremendous impact on renewable energy that the US may see the levelized cost of electricity from renewable sources fall to less than 1 cent per kWh hour by 2025 after factoring in all tax and production credits. Now, before we get all gaga over […].

Renewable 145