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Meet a US start-up trying to break China’s rare-earth monopoly
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Companies like Phoenix Tailings are using new processing methods to compete with Chinese suppliers that currently enjoy a near monopoly on the processing of rare-earth elements.
PHOTO: TONY LUONG/NYTIMES
Rebecca F. Elliott
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EXETER, New Hampshire – Every few hours, two furnaces in a New Hampshire office park quietly transform batches of taupe-coloured powder into rough ingots.
These mottled chunks of metal, about the size of a few bricks, ultimately will be used to make electric vehicle motors or maybe a fighter jet.
