Companies forging a rare earths industry in the EU
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 27 2024
0mins
Source: reuters
- EU's Critical Raw Materials Act: Aims to boost domestic output of rare earth minerals and reduce dependence on China by 2030.
- Key Companies in Rare Earths Sector: Various companies across Europe are working on rare earth projects with different production capacities.
- Environmental Concerns and Opposition: Some projects face opposition due to pollution concerns, leading to redesigns and reapplications.
- Recycling and Processing Initiatives: Several firms are focusing on recycling magnets and processing rare earth oxides to meet European demand.
- Future Production Plans: Companies are planning new plants and expansions to increase rare earth production capacity in Europe by 2030.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
