Two newly approved rare earth projects – a mine in Angola and a processing facility in the UK –could boost diversity of supply for the strategic minerals used in everything from mobile phones to wind turbines. Heidi Vella takes a look at the two Pensana projects and how they’re progressing.
The European Union and the UK are almost solely reliant on imports from China for rare earth minerals that are integral to low carbon and digital technologies. As the clean energy transition takes effect, diversifying supply has become a top political priority.
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.
