The Saskatchewan Research Council (SRC) announced Wednesday that its rare earth processing facility in Saskatoon produced rare earth metals at a commercial scale this summer – ahead of schedule – making the Canadian province the first and only jurisdiction to do so in North America.. In July, SRC finalized tolling agreements with several international …
Demand signals for rare earths are projected to rise as the world electrifies with machines that require highly specialized rare earth magnets. According to a report by independent research firm Adamas Intelligence, the global demand for rare earth oxides is forecasted to triple from $15 billion in 2022 to $46 billion in 2035.