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Chinese firm buys Canada's rare earths

North of 60 Mining News - December 22, 2023

Shenghe acquires ore stockpile that symbolized a shift away from China for REEs critical to North America's green energy and high-tech sectors.

High-grade ore dug up from a small open pit at Vital Metal Ltd.'s Nechalacho project in the summer of 2021 marked the start of Canada's first rare earth elements mine and the first link in an REE supply chain that was envisioned to be completely independen...


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