Category
Economy
Markets, trade, employment, prices and economic policy.
Credibility summary
Of the 186 claims in Economy with evidence either way, 91% held up.
Showing 1281-1300 of 1595 claims
It requires approximately 1500 processes
It is a complex process to turn materials into powders that are the end product of this plant
It is important to have our own sourcing
Projects in Norway and Sweden are amongst the most advanced but it is likely to be another decade before they are ready
There are no operational rare earth mines in Europe
The facility aims to provide 30% of Europe's rare earths by 2030
As demand grows more virgin material will be needed from Brazil Canada and Australia
They can probably produce 30% of the rare earths needed by Europe by recycling end of life motors and other equipment
The focus is on recycling rare earths already in Europe
The plant outside of China can process all 17 different rare earths
Europe has two rare earth processing facilities one in Estonia and one in western France
If a material comes almost 100% from one location you want to diversify your sourcing
The market is growing fast and there is greater demand for shorter supply chains
The future of Solvay's plant will be critical to those ambitions
Europe is trying to reduce its dependence on importing key metals from China
Around 70% of rare earths mining and 90% of refining happens in China
Tourists trek to waterfalls and queue for snacks and T-shirts at the visitor centre
Solvay is expanding its processing plant to meet surging demand across Europe
Rare earth metals have been pumped out of the La Rochelle plant for almost 80 years
Solvay's facility is one of two rare earth processing facilities in Europe
Recently analyzed in Economy
Some price increases stemmed from tariffs other factors like housing and food costs played a larger role
June inflation highest since February Trump's tariffs increased prices
Prices are rising because of tariffs
Risk is that investors begin to doubt United States will pay back its debts and start demanding higher interest rates
The New York Times
Country is still on track to borrow an alarming amount of money in coming years
The New York Times