HANOI : Vietnam's mined output of rare earths soared tenfold last year, U.S. data showed, as global firms have flocked to the Southeast Asian country with the world's second largest estimated deposits to reduce reliance on China for the key industrial metals.Past attempts to build up Vietnam's rare earth
HANOI : Vietnam's mined output of rare earths soared tenfold last year, U.S. data showed, as global firms have flocked to the Southeast Asian country with the world's second largest estimated deposits to reduce reliance on China for the key industrial metals.
ASM said a longer-term agreement with the Vietnamese firm, which is ultimately owned by China's government, would provide it with a multi-source feedstock option and additional supply security for its processing plant in South Korea. Its output is a tiny fraction of the amount top producers mined last year. China, the world's biggest producer, mined 210,000 tonnes in 2022, the United States 43,000 tonnes and Australia 18,000 tonnes.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vietnam raises retail electricity price by 3%HANOI : Vietnam on Thursday raised its average retail electricity price by 3 per cent, the government said, in a move that could put upward pressure on inflation. Annual inflation in the Southeast Asian country has been easing since the beginning of the year, with April consumer prices rising 2.81 per cen
Read more »
Vietnam's central bank plans to restructure four weak commercial banks - mediaHANOI : Vietnam's central bank is planning to restructure four poorly-performing commercial banks, including via forced takeovers, state media reported on Wednesday, as the country strives to strengthen its banking system.The four banks are DongA Bank, Vietnam Construction Bank, Ocean Bank and Global Petr
Read more »
SEA Games 2023: Young Lions on the brink of exit after 3-1 loss to VietnamDark clouds gathered over the Prince Stadium on Wednesday as the Singapore Under-22 men’s football team trudged out for their second match of the 2023 SEA Games competition. It would prove ominous 90 minutes later with the Young Lions losing 3-1 to defending...
Read more »
Football: Singapore suffer second SEA Games loss in 3-1 defeat by defending champions VietnamPHNOM PENH: As grey skies threatened overhead at the Prince Stadium in Phnom Penh on Wednesday (May 3), Singapore's footballers trooped onto the pitch knowing that a defeat against Vietnam could put them on the brink of Southeast Asian (SEA) Games elimination. And while there would be respite from the rain
Read more »
Filipino gymnastic star Carlos Yulo to headline Asian Championships in SingaporeFilipino gymnastics star Carlos Yulo will headline the 10th Asian Artistic Gymnastics Championships, which will be held at Singapore's OCBC Arena in June.
Read more »
Asian markets rise after shrugging off US rate hikeHONG KONG: Asian markets rose on Thursday (May 4), shrugging off the sour mood surrounding the Federal Reserve's announcement that it was raising interes
Read more »