McLeod Lake band takes stake in Defense Metals’ rare earth project in British Columbia

The Canadian government support will be used to commercialize Ucore’s RapidSX technology specifically for light REEs.

China could effectively cut off 40–50% of global rare earth oxide supply.

The government had previously barred Lynas from importing and processing lanthanide concentrate from January 2024.

The global energy transition may be eclipsed by a critical minerals supply-demand imbalance — unless alternatives are found, experts say.

Auto industry expanding efforts to cut rare earth EV use

The agreed rules set targets for the region to mine 10% of the critical raw materials it consumes, such as lithium, and for the first time copper and nickel.

Brazilian Rare Earths will list on the ASX with a market capitalization of $220 million.

Lynas earlier this year approached a Malaysian court to review its licence after the government barred it from importing and processing lanthanide concentrate from January 2024.

The miners believe manufacturers will absorb extra costs due to new ESG-related legislation and tax incentives like the IRA.