The U.S. Department of Defense has awarded $30 million in funding to Australia’s Lynas Corp to build a rare earth processing plant in Texas, as the nation continues to seek to break its reliance on Chinese imports of the critical minerals. The facility will be able to process light rare earth elements (LREE), which are not only widely used in consumer goods such as cellphones and electric car motors, but also critical to the production of next-generation fighter jets and precision-guided missiles. It’s not the first time Lynas, one of the few major non-Chinese rare earth miners, received federal funding for a U.S.-based project. Last year, the company teamed up with Texas’s Blue Line Corp to land a deal with the Pentagon to build a separation plant for heavy rare earth elements (HREE), which are used in the manufacturing of specialized military weapon systems. Both plants will be built in …
Pentagon Commits $30 Million to Texas Rare Earth Plant, Aims to Reduce Reliance on China
February 1, 2021
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