💨 Abstract

BMW and Yamaha Motor have invested in Phoenix Tailings, a US-based rare earths processing startup, to boost production of strategic metals outside of China. Phoenix's process produces rare earths from mined ore or recycled equipment with minimal emissions. The company plans to build a $13 million facility in New Hampshire, using the funding from various investors, and aims to go public within three to five years.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖