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 1321-1340 of 1595 claims
It is likely to be another decade before they are ready
Projects in Norway and Sweden are amongst the most advanced
There are no operational rare earth mines in Europe
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 rare earths needed by Europe by recycling end of life motors and other equipment
Focus is on recycling rare earths already in Europe
Increased investment in facility comes as it moves away from supplying rare earths for catalytic convertors to focus on soaring demand for magnets essential to electric car batteries advanced electronics and defence systems
It is the only plant outside China that can process all 17 different rare earths
The other rare earth processing facility is in western France
One rare earth processing facility is in Estonia
Europe has two rare earth processing facilities
If material comes almost 100% from one location you want to diversify your sourcing
There is greater demand for shorter supply chains
This market is growing fast
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
Solvay is expanding its processing plant to meet surging demand across Europe
Materials are becoming more crucial to the global economy
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