Business
Phoenix Tailings Begins Production of Heavy Rare Earth Metals in the U.S.
United States - September 6, 2024 — Phoenix Tailings' move to start production of heavy rare earth elements in Massachusetts is part of efforts to establish an independent and sustainable supply chain for critical minerals. According to co-founder&
United States - September 6, 2024 — Phoenix Tailings' move to start production of heavy rare earth elements in Massachusetts is part of efforts to establish an independent and sustainable supply chain for critical minerals. According to co-founder& CEO Nick Myers, this reduces the country's reliance on China's refining capabilities, supporting domestic manufacturing and national defense.Phoenix Tailings has announced the start of commercial production of Heavy Rare Earth Metals (HREM), including dysprosium and terbium, at its refining plant in Burlington, Massachusetts.In a press interview, Nick Myers, CEO and co-founder of Phoenix Tailings, said this development marks the first time a full refining operation in the United States has processed both light rare earth elements (REMs), such as neodymium-praseodymium, and heavy rare earth metals like dysprosium and terbium.