Sign In  |  Register  |  About Walnut Creek Guide  |  Contact Us

Walnut Creek, CA
September 01, 2020 1:43pm
7-Day Forecast | Traffic
  • Search Hotels in Walnut Creek Guide

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Rainbow Rare Earths commits to Western strategic supply chain with UK deal

Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) CEO George Bennett speaks to Thomas Warner from Proactive after the magnet rare earth metals company announced it has signed a strategic supply agreement with UK-based Less Common Metals (LCM), a prominent European metal facility with 50 years of expertise in transforming separated Earth oxides into alloys for permanent magnet production.

Bennett explains that the collaboration holds immense significance for Rainbow Rare Earths, positioning them as a reliable source of separated rare earth oxides.

The deal not only bolsters Rainbow's presence in the Western world's supply chain, reducing Western dependence on Chinese markets, but also establishes them as a key player in the UK's efforts to construct an independent strategic supply chain.

With production slated for 2026, Rainbow anticipates playing a pivotal role in supplying critical components for the green revolution, including wind turbines and electric vehicles, in both Europe and the US.

Contact Details

Proactive UK Ltd

+44 20 7989 0813

uk@proactiveinvestors.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 WalnutCreekGuide.com & California Media Partners, LLC. All rights reserved.