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Nexon Geochem partners with Russia's Giredmet to secure vital rare-earth supply
**Introduction**
Nexon Geochem announced a strategic collaboration with Russia’s Giredmet to strengthen access to critical rare‑earth materials. The alliance focuses on joint development of processing technology that can turn raw concentrates into high‑purity intermediates. By linking Nexon’s downstream expertise with Giredmet’s upstream capabilities, the two firms aim to create a more resilient supply chain for industries ranging from electric vehicles to wind‑turbine generators. The move comes as global demand for rare‑earth elements outpaces current production capacity, prompting companies to seek secure, vertically integrated sources.
**Key Developments**
Under the agreement, Nexon Geochem will license Giredmet’s proprietary hydrometallurgical leaching and solvent‑extraction processes, adapting them for use at a new pilot plant in Southeast Asia. The facility will initially handle 5,000 tonnes per year of mixed rare‑earth concentrate, producing separated oxides of neodymium, praseodymium, dysprosium and terbium. In parallel, the partners plan to co‑engineer a scalable sintered NdFeB permanent‑magnet line capable of delivering 1,200 tonnes of finished magnets annually. Early engineering studies suggest the integrated approach could cut processing costs by up to 18 % while reducing reliance on third‑ |
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