A company in the New South Wales Central West is hoping to cash in on the growing rare earths market as countries look to diversify away from Chinese supply.China dominates the rare earths market but buyers are looking to diversify amid supply chain doubts
The minerals are used in a range of technologies, including renewable energy generators, electric car engines and dental fillings. "What's happened with trade tensions and COVID is the certainty of those supply chains has now been questioned," he said."There are others that are trying to progress their projects, but Dubbo is probably the most advanced," he said.
In a statement Rio Tinto said it was contacting landholders near Rankins Springs, close to West Wyalong, to discuss access to explore for battery metals, including copper.
Electric Vehicles/Lithium Batteries aren't really Carbon-Neutral folks.