Insight: In race to regain rare earth glory, Europe falls short on mineral goals
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 27 2024
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Should l Buy ?
Source: reuters
- Rare Earth Processing in Europe: Solvay aims to revive a rare earth processing plant in France to boost production for green energy transition.
- Challenges Faced by Europe and the U.S.: Both regions are working to reverse the migration of rare earth processing to China due to lower prices and environmental concerns.
- EU's Ambitious Targets: The EU has set targets for domestic production of critical minerals, including rare earths, for its green transition by 2030.
- Struggles to Meet Goals: The EU may struggle to meet most of its rare earth production targets, impacting zero carbon goals and increasing dependence on China.
- Obstacles and Solutions: Challenges include public opposition to new mines, limited funding, and weak demand, but companies like Neo Performance Materials are investing in European operations to support the EU's goals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
