Mining News

Rainbow’s Phalaborwa project remains well-placed to benefit from green energy developments

London-listed Rainbow Rare Earths has reiterated how well positioned its near-term rare earths project Phalaborwa, in South Africa, is considering current market conditions.

The rare earths basket price has risen by 80% in the first half of its 2022 financial year, significantly exceeding forecast price ranges. Notably, neodymium prices have risen by 94%, compared with the same months last year.

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