Re rate happening, page-4182

@Supermart




You have to remember, these are startup technologies still at pilot scale, basically they are proving that the technology work, will probably need a Feasibility Study to scale up to Commercial scale.













RR1 investment is for the Technology.

EU Critical Raw Materials Act Progress,

where the European parliament and the council, the grouping of EU governments, agreed on common text for the Critical Raw Materials Act to encourage recycling of magnet rare earths, now classified as strategic raw materials.

Additionally, the EU’s decision upgrades the benchmark for recycling of critical raw materials from 15% to at least 25% of annual consumption of raw materials by 2030.

The European Union’s media release states: “The Critical Raw Materials Act is intended to make the EU more competitive and sovereign. It aims to cut red tape, promote innovation along the entire value chain, support SMEs and boost research and the development of alternative materials and more environmentally friendly mining and production methods. The legislation will set up economic incentives and a more stable and secure business framework for the deployment of mining and recycling projects, with faster and simpler authorization procedures.”

The informal agreement must be approved by both EU parliament and council to become law and it will be put to a vote in the Industry, Research, and Energy committee on 7 December 2023.