Rare earth elements, often dubbed the “vitamins” of modern technology, sit at the heart of everything from smartphones and drones to electric vehicles and defense systems.
OYAK Group’s alumina giant Almatis, acquired in 2015, is establishing its fourth manufacturing facility in China as part of its global expansion strategy.
Rio Tinto warned on Tuesday that Australia's largest aluminium smelter, Tomago, may be forced to shut down as it struggles to source power at commercially viable rates beyond 2028 when its current power deal expires.