Roskill last week published a note which flags Pensana as a driving force behind Europe’s goal for diversified rare earths supply chain.
The note also shows that Pensana’s separation facility at the Saltend Chemicals Park in Humber, UK, will be the first to reach construction and commissioning.
Roskill explains that while rare earth separation already occurs in Europe, “regional demand is set to increase driven by the use of permanent magnet motors in electric vehicles and European automotive OEM’s desire for greater supply security. The use of permanent magnets in renewable energy generation and energy efficient utilities is also expected to incentivise additional supply.”
“Additional separation facilities outside of China will strengthen and diversify Europe’s supply chain of refined rare earth products, though downstream production of rare earth metals/alloys and associated permanent magnets is largely carried out in China,” Roskill writes.
Pensana’s Chairman Paul Atherley said:
“We are pleased to see experts like Roskill continually keeping track of our rapid progress at Saltend and world-class development at the Longonjo project in Angola.
“Pensana is tapping into the chemical engineering expertise within the DNA of experts in Humber; partnering with offshore wind OEMs on innovative recycling opportunities; teaming up with Government to support the EV revolution and working with Wood Plc to create a world-force sustainable source rare earths supply.”
