Phoenix Tailings to build $375m rare earths facility in New York state
WASHINGTON - Phoenix Tailings will build a commercial-scale rare earth processing facility worth $375-million in the city of Rochester, New York state's Governor Kathy Hochul said on Tuesday.
The US is pouring billions into new rare earth plants to loosen China’s grip on the minerals, which are used in an array of products from electric vehicles to fighter jets. Most of that capacity won’t come online until 2027 or later.
Phoenix Tailings' 500 000-square-foot facility will be built in Rochester's Eastman Business Park with some operations slated to start next year and full production expected in 2028, Hochul said in a statement.
It is expected to process about 18 000 tons of rare earth material each year, the statement said, adding that New York state will provide $3-million in performance-based tax credits for the project.
The governor said the facility will help bolster "our national security by building a clean supply chain for rare earth elements in New York, reducing reliance on foreign sources of critical minerals".
The announcement comes months after the Pentagon conditionally committed $500-million in long-term debt financing to Phoenix Tailings to build a rare earth midstream processing plant in the US.
"America and its allies cannot build the next generation of advanced manufacturing on a rare earth supply chain they do not control," Phoenix Tailings CE Nick Myers said in a statement.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Projects
Latest Multimedia
Latest News
Showroom
CSIR International Convention Centre (CSIR ICC) - the leading conference and events venue in Pretoria/Tshwane.
VISIT SHOWROOM
Established on 1 March, 2000, by Barries Barnard, Advanced Fire Suppression Technologies (AFST) and the Advanced Group stands as Sub-Saharan...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
