There have been multiple accounts created with the sole purpose of posting advertisement posts or replies containing unsolicited advertising.

Accounts which solely post advertisements, or persistently post them may be terminated.

Inside Vietnam's plans to dent China's rare earths dominance

Vietnam plans to restart its biggest rare-earths mine next year with a Western-backed project that could rival the world’s largest, according to two companies involved, as part of a broader push to dent China’s dominance in a sector that helps power advanced technologies.

The move would be a step toward the Southeast Asian country’s aim of building up a rare-earths supply chain, including developing its capacity to refine ores into metals used in magnets for electric vehicles, smartphones and wind turbines.

As an initial step, Vietnam’s government intends to launch tenders for multiple blocks of its Dong Pao mine before the year’s end, said Tessa Kutscher, an executive at Australia’s Blackstone Minerals Ltd (BSX.AX), which plans to bid for at least one concession. She cited unpublished information from Vietnam’s Ministry of Natural Resources and Environment, which did not respond to requests for comment.

autotldr Bot ,

This is the best summary I could come up with:

HANOI, Sept 25 (Reuters) - Vietnam plans to restart its biggest rare-earths mine next year with a Western-backed project that could rival the world’s largest, according to two companies involved, as part of a broader push to dent China’s dominance in a sector that helps power advanced technologies.

As an initial step, Vietnam’s government intends to launch tenders for multiple blocks of its Dong Pao mine before the year’s end, said Tessa Kutscher, an executive at Australia’s Blackstone Minerals Ltd (BSX.AX), which plans to bid for at least one concession.

The auction’s timing could change but the government plans to restart the mine next year, said Luu Anh Tuan, chairman of Vietnam Rare Earth JSC (VTRE), the country’s main refiner and Blackstone’s partner in the project.

The proposed restart of Dong Pao - whose timeline, scale and degree of foreign financial support have not been reported previously - comes as many nations fret about their vulnerability to supply disruptions due to China’s stranglehold on strategic minerals and its disputes with the U.S. and its allies.

She added that the company was talking to potential clients, including electric car makers VinFast and Rivian (RIVN.O), about possible contracts with set prices that would shield suppliers from fluctuations and guarantee buyers a secure supply chain.

But recent U.S. attempts to gain a foothold in the Vietnamese industry did not succeed, said John Rockhold, a consultant to the rare-earths sector and president of the Hanoi chapter of the U.S. Chamber of Commerce, adding that one such plan involving VTRE collapsed this year.

The original article contains 1,339 words, the summary contains 258 words. Saved 81%. I’m a bot and I’m open source!

  • All
  • Subscribed
  • Moderated
  • Favorites
  • •
  • [email protected]
  • random
  • lifeLocal
  • goranko
  • All magazines
    •