The Foreign Policy Research Institute (FPRI), a US headquartered think tank, has named Pensana among the companies and developments critical to creating a sustainable global rare earth supply chain independent of China.
The FPRI essay, titled America’s Critical Strategic Vulnerability: Rare Earth Elements, says that China’s dominance over global critical mineral supply chains presents one of the largest strategic vulnerabilities to the United States and its allies since the Arab oil embargo-triggered energy security crisis of the 1970s.
Pensana plc (LON:PRE) explores and mines neodymium, praseodymium, and rare earth minerals. The company is looking to establish the world’s first fully sustainable magnet metal rare earth oxide producer at the Saltend Chemicals Park in the Humber Local Enterprise Partnership Yorkshire, UK.