Kazakhstan, with its 15 rare earth deposits, aims to cooperate with international partners to harness the ample opportunities in these strategically important components of electronics and clean energy technology. India, seeking rare earth deposits closer to home, recently secured a deal with Argentina. Demand for rare earth metals is expected to grow significantly, with estimates suggesting three to seven times higher demand by 2040.
China's import ban on rare earth technologies reshapes global markets, intensifies geopolitical tensions, and challenges Western efforts for independence in critical mineral supplies.
The Series A funding round was led by Legal & General unit Legal & General Capital and Barclays Sustainable Impact Capital initiative that invests in climate startups, AEM said on Monday Based in Washington in England s industrial northeast, AEM already has a commercial rare earth free motor in use in electric buses and other vehicles in Europe, North America and Asia, CEO James Widmer said.