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Companies include, Linde Ucore Rare Metals Inc. is focused on developing its Bokan-Dotson Ridge project in Alaska, which aims to produce high-purity rare earth elements, addressing the growing demand for domestic sources in North America. Arafura Resources Limited is advancing its Nolans project in Australia, which will supply key rare earths like neodymium and praseodymium, vital for clean energy technologies.
Iluka Resources Limited is leveraging its expertise in mineral sands to explore rare earth extraction from its Australian operations, emphasizing sustainable practices and environmental responsibility. Lynas Corporation is one of the largest producers of rare earths outside China, operating a processing facility in Malaysia and expanding its production capabilities to meet global demand. Baotou Jinmeng Rare Earth Co. plays a crucial role in the Chinese market, focusing on the production and processing of various rare earth metals, thus contributing significantly to the global supply chain.
Major players operating in the rare earth metals industry are: