Small miners aim for European supply chain for electric vehicles independent from China

Elsewhere, rare earths developer Pensana Plc, which owns assets in Angola, is building a plant to purify the metals in Britain, using the UK government’s Automotive Transformation Fund, which awards grants to accelerate the transition to a net-zero vehicle supply chain.

“There are a number of incentives which have been put in place,” said Pensana Chairman Paul Atherley.

The Saltend plant had lower capital expenditure and operating costs than at comparable sites in Europe, he said.

Saltend is in the Humber ports region which has freeport status, making arriving goods exempt from tariffs.

Pensana has so far secured 15 million pounds ($20.96 million) through an equity raise for the $125 million plant which will create about 100 jobs.

For the local community, new jobs are welcome, but union representatives say that British industry will also have to invest in training workers.

https://www.reuters.com/article/miners-electric-europe/small-miners-aim-for-european-supply-chain-for-electric-vehicles-independent-from-china-idUSL5N2O74GT?rpc=401&