Latest domestic refining capacity News & Updates

US Department of War Invests $25 Million in ReElement Technologies for Rare Earth Element Refining

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Washington, July 14 (IANS) The US Department of War has announced a $25 million investment in ReElement Technologies Corp. to expand domestic refining capacity for rare earth elements and other defence-critical minerals, in a move aimed at strengthening the country’s industrial base and reducing dependence on overseas supply chains. The investment, announced on Monday by the Department’s Economic Defence Unit (EDU), in partnership with the Office of the Under Secretary of War for Acquisition and…