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"I think it's absolutely necessary to have our own mines, not necessarily a lot of them, because we can have a mix, but it's important to have our own sourcing," says Mr Kehren. 0.700

👤 Philippe Kehren 📋 News Article 🏷️ Economics , Business

Simplified: Kehren thinks own mines are necessary for sourcing

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3 months ago
Solvay CEO, Philippe Kehren, who is cutting the ribbon, says the facility aims to provide 30% of Europe's rare earths by 2030 0.900

👤 Philippe Kehren 📋 News Article 🏷️ Economics , Business , Science

Simplified: Facility aims to provide 30% of Europe's rare earths by 2030

0 sources

3 months ago
"We think that we can probably produce 30% of the rare earths needed by Europe just by recycling end of life motors and other equipment," says Mr Kehren. 0.800

👤 Mr Kehren 📋 News Article 🏷️ Business , Environmental

Simplified: Mr Kehren says recycling end-of-life equipment can produce 30% of Europe's rare earth needs

0 sources

3 months ago
As demand continues to grow that will change, and more virgin material will be needed from countries such as Brazil, Canada and Australia. 0.900

👤 The author 📋 News Article 🏷️ Business , Environmental

Simplified: Growing demand will require more virgin rare earth material from Brazil Canada Australia

0 sources

3 months ago
The increased investment in the facility comes as it is moving away from focusing on supplying rare earths for catalytic convertors, to instead focus on soaring demand for the magnets that are essenti... 0.900

👤 The author 📋 News Article 🏷️ Business , Technology

Simplified: Increased investment shifts facility focus from catalytic convertors to magnets for electric car batteries electronics defence systems

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3 months ago
Europe only has two rare earth processing facilities, one in Estonia and this one in western France. 1.000

👤 The author 📋 News Article 🏷️ Geography , Business

Simplified: Europe has two rare earth processing facilities one in Estonia one in western France

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3 months ago
It is the only plant outside of China that can process all 17 different rare earths. 1.000

👤 The author 📋 News Article 🏷️ Geography , Business

Simplified: Plant in western France is only plant outside China that can process all 17 rare earths

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3 months ago
"Are there going to be [financial] incentives, for example, for the different players in this value chain to source rare earth elements from Europe?" 0.700

👤 The author 📋 News Article 🏷️ Politics , Economics , Business

Simplified: Potential financial incentives may encourage sourcing rare earth elements from Europe

0 sources

3 months ago
Pricing is key to the future of the expanded La Rochelle plant, he says. 0.900

👤 The author 📋 News Article 🏷️ Economics , Business

Simplified: Pricing is key to the future of the expanded La Rochelle plant

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3 months ago
He needs his customers, who supply carmakers and big tech firms, to commit to buying certain volumes of rare earths at certain prices. 0.900

👤 The author 📋 News Article 🏷️ Economics , Business

Simplified: La Rochelle plant needs customers to commit to buying certain volumes of rare earths at certain prices

0 sources

3 months ago
He adds: "It costs a bit of money, so you need to be ready to pay a little bit more." 0.900

👤 The author 📋 News Article 🏷️ Business , Environmental

Simplified: Responsible rare earth operations cost more money

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3 months ago
One reason China has forged ahead of the rest of the world regarding rare earths is that it has been more willing to handle the radioactive pollution that can be caused by the mining and processing. 0.900

👤 The author 📋 News Article 🏷️ Business , Environmental

Simplified: China has been more willing to handle radioactive pollution from rare earths mining and processing

0 sources

3 months ago
Solvay also has rare earth operations in China, and Mr Kehren says "there are solutions to do it in a very responsible way without polluting". 0.800

👤 The author 📋 News Article 🏷️ Business , Environmental

Simplified: Mr Kehren says Solvay has solutions for responsible rare earth operations in China without polluting

0 sources

3 months ago
His business is developing a vast rare earths mine in Brazil, which hopes to provide as much as 5% of the world's rare earths. 0.800

👤 The author 📋 News Article 🏷️ Economics , Business

Simplified: Viridis Mining hopes to provide 5% of the world's rare earths from Brazil mine

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3 months ago
Western firms in the rare earths sector say they need more government support if they are going to catch-up with their Chinese rivals. 0.900

👤 The author 📋 News Article 🏷️ Economics , Business

Simplified: Western firms need more government support to catch up with Chinese rare earths rivals

0 sources

3 months ago
Rafael Moreno, the CEO of Australia's Viridis Mining, says this backing, both regulatory and financial, "is the key right now". 0.900

👤 The author 📋 News Article 🏷️ Economics , Business

Simplified: Rafael Moreno says regulatory and financial backing is key for Viridis Mining

0 sources

3 months ago
But as the materials become more and more crucial to the global economy, chemicals firm Solvay is expanding its processing plant next to the glistening Atlantic Ocean to meet surging demand across Eur... 1.000

👤 The author 📋 News Article 🏷️ Economics , Industry , Business

Simplified: Solvay is expanding its processing plant to meet surging demand across Europe.

0 sources

3 months ago