ReElement, Novare to build Africa’s first critical elements refinery
The $100 million facility is expected to begin development in H2 2025.
Market Oracle reported on recent gains in shares of Molycorp (NYSE:MCP).
The market news is quoted as saying:
The price drivers today are plentiful: Financial Times reports that rare earth materials are being stockpiled in China, Piper Jaffray upgraded Molycorp to a buy, and a host of analysts piled on with positive assessments of the rare earth industry in general.