WNA Globe

World News by Wild Rose

#US investment ร—

Trump backs US$50 million investment for South Africa rare earths

Two enormous sandlike dunes at an old chemical processing plant in South Africa are at the centre of an exploratory US-backed project to extract highly sought-after rare earth elements from industrial mining waste. The Phalaborwa Rare Earths Project has US support through a US$50 million equity investment by the governmentโ€™s International Development Finance Corporation and is part of accelerated US efforts to reduce its reliance on China for the minerals crucial for making electronic devices,...