Brief: Solvay, Hastings Sign MoU For Supply Of Mixed Rare Earth Carbonate

Hastings Technology Metals

11/10/2022 06:10

Oct 11 (Reuters) - Solvay SA  SOLB.BR :
    * SOLVAY AND HASTINGS SIGN MEMORANDUM OF UNDERSTANDING FOR
SUPPLY
OF MIXED RARE EARTH CARBONATE
    * MOU FURTHER REINFORCES STRATEGY OF BOTH COMPANIES TO
DEVELOP A
RARE EARTHS PERMANENT MAGNET VALUE CHAIN IN EUROPE
    * UNDER AGREEMENT, SUPPLY OF AN INITIAL 2,500 TONNES PER
ANNUM OF
MREC WILL BE SENT FROM HASTINGS' YANGIBANA RARE EARTH PROJECT IN
WESTERN AUSTRALIA TO SOLVAY'S PLANT IN LA ROCHELLE, FRANCE
    * THIS SIGNIFICANT INVESTMENT FROM GROUP BRINGS SITE ONE
STEP
CLOSER TO BECOMING A MAJOR RARE EARTHS HUB IN EUROPE IN COMING
YEARS

Source text: https://bit.ly/3yuD5Uy
Further company coverage:  SOLB.BR 
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