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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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1 year 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

1 year 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

1 year ago
That stance explains why securing access to raw materials has been at the heart of recent EU trade deals, such as the one it signed with Argentina, Brazil, Paraguay and Uruguay last year. 0.900

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

Simplified: Securing access to raw materials is at the heart of recent EU trade deals

0 sources

1 year ago
"When you have a material that is coming almost 100% from one specific location, if you are dependent on this, you want to diversify your sourcing. This is what we can offer," explains the boss of the... 1.000

👤 The author 📋 News Article 🏷️ Economics , Industry

Simplified: Diversifying sourcing is important when dependent on a material from one location.

0 sources

1 year ago
"This is a market that is growing fast, and, also, there is a greater demand for shorter supply chains," says Solvay's CEO Philippe Kehren. 1.000

👤 Philippe Kehren 📋 News Article 🏷️ Economics , Industry

Simplified: Solvay's CEO Philippe Kehren says the rare earth market is growing fast.

0 sources

1 year ago
The Covid pandemic and the war in Ukraine have made companies and politicians try to remove some of the vulnerabilities in their supply chains. 1.000

👤 The author 📋 News Article 🏷️ Politics , Economics

Simplified: Covid pandemic and Ukraine war made companies and politicians try to remove supply chain vulnerabilities.

0 sources

1 year ago
Europe, like many other parts of the world, is trying to reduce its dependence on importing these key metals from China. 1.000

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

Simplified: Europe is trying to reduce its dependence on importing key metals from China.

0 sources

1 year ago
However, around 70% of rare earths mining, and 90% of refining, happens in China, as a result of years of support from the Chinese government. 1.000

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

Simplified: Around 70% of rare earths mining and 90% of refining happens in China.

0 sources

1 year 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

1 year ago
The EU is aiming to increase its own production of rare earth metals, led by a facility in France. 0.900

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

Simplified: The EU aims to increase rare earth metal production led by a facility in France

0 sources

1 year ago