First-of-its-kind facility hopes to launch Canada into rare earths market

  • 📰 CTVNationalNews
  • ⏱ Reading Time:
  • 78 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

A Saskatchewan organization is breaking ground as the first to commercially produce rare earth metals in North America.

The Saskatchewan Research Council first achieved the feat over the summer when it extracted neodymium praseodymium from a mineral called monazite. The group plans to break into the Chinese-dominated market once its facility is fully operational next year.“The reason this isn’t happening all over the place is because it is really hard to do,” said Jeremy Harrison, the provincial minister responsible for the SRC treasury board crown corporation.

At times, China uses its stronghold as leverage to force foreign policy, according to Heather Exner-Pirot, the director of energy, natural resources and environment at the Macdonald-Laurier Institute.“They are experts on it. They're leaders on it, and they don't want anyone else to be able to diversify,” Exner-Pirot said.

After months of tinkering with the AI technology, the SRC can process 10 tonnes of NdPr each month. By the end of 2025, the organization hopes to process 400 tonnes annually, a supply that will help manufacture 500,000 EVs. The SRC has plans to eventually process the rare earth samarium, a key ingredient in defence weapons, such as F-35 fighter jets.

The Royal Canadian Mint unveiled in Winnipeg a new toonie, which began circulating Wednesday, highlighting the 100th anniversary of the Royal Canadian Air Force.Video of a brazen daylight auto theft which shows a suspect running over a victim in a stolen luxury SUV has been released by police west of Toronto.

Edmontonians can count themselves lucky to ever see one tiger salamander, let alone the thousands one local woman says recently descended on her childhood home.B.C. woman reveals greatest life lesson after celebrating 100th birthday Transport Canada has ordered a bankrupt tidal power company and a bankruptcy trustee to produce a plan to remove four huge moorings abandoned in the water near Walton, N.S.A Woods Harbour, N.S., man is facing dozens of charges after police seized weapons and drugs from South Shore homes last Friday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 82. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines