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    market news

    New Rare Earth Plant in India Could Help Contribute 5 Percent of Global Output

    Teresa Matich
    Aug. 28, 2014 09:40AM PST
    Rare Earth Investing

    Reuters reported that India has plans to commission a new rare earth’s plant. The plant would produce as much as 5,000 tonnes of rare earths each year, helping India make up roughly five percent of global output, according to Reuters.

    Reuters reported that India has plans to commission a new rare earth’s plant. The plant would produce as much as 5,000 tonnes of rare earths each year, helping India make up roughly five percent of global output, according to Reuters.

    As quoted in the publication:

    India’s emergence as a supplier, albeit a small one, would be good news for countries like Japan, which up to now have had to rely mostly on China for rare earths production.

    The plant in Odisha would produce rare earth oxides by processing monazite from beach sand, said S. Surya Kumar, head of the Rare Earths Division for state-owned Indian Rare Earths, part of the Department of Atomic Energy.

    Click here to read the full Reuters article.

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