By Francesco Guarascio and Khanh Vu HANOI (Reuters) - Vietnam plans to restart its biggest rare-earths mine next year with a Western-backed project th.
By Francesco Guarascio and Khanh Vu HANOI (Reuters) - Vietnam plans to restart its biggest rare-earths mine next year with a Western-backed project th.
HANOI Vietnam plans to restart its biggest rare-earths mine next year with a Western-backed project that could rival the world’s largest, according to two companies involved, as part of a broader push to dent China’s dominance in a sector that helps power advanced technologies.
Vietnam Rare Earth Mining: Vietnam has the second-largest rare-earth deposits, according to the U.S. Geological Survey. But they have remained largely untapped, with investment discouraged by low prices that are effectively set by China because of its near-monopoly on the global market. Visiting Hanoi this month to upgrade bilateral relations, U.S. President Joe Biden signed an agreement to boost Vietnam s ability to lure investors for its rare-earth reserves.
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