Curated News
By: NewsRamp Editorial Staff
April 10, 2024
Aclara Expands into U.S. Market with Aclara Technologies Focusing on Rare Earths Separation
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- Aclara's strategic expansion into the U.S. market gives it a competitive advantage in the rare earths industry.
- Aclara will develop rare earths separation capabilities in the U.S. by sourcing high-purity mixed rare earths carbonates and converting them into individual rare earths oxides.
- Aclara's move to establish a sustainable supply chain for rare earth metals and alloys contributes to the decarbonization of the planet and the development of clean energy technology.
- Aclara's integration of vertically addresses the need for creating a geopolitically independent supply chain for permanent magnets, crucial for electric vehicles and wind turbines.
Impact - Why it Matters
The strategic expansion of Aclara into the U.S. market with Aclara Technologies is significant as it addresses the need for a geopolitically independent supply chain for rare earth metals crucial in the production of electric vehicles, wind turbines, and robotics. This move aligns with the global efforts towards decarbonization, emphasizing the company's commitment to establishing a sustainable supply chain for rare earth metals and alloys.
Summary
Aclara Resources CEO Ramon Barua shares the company's strategic expansion into the U.S. market through Aclara Technologies, focusing on rare earths separation. This move follows Aclara's joint venture with CAP to develop metal and alloys capabilities, positioning the company as the first vertically integrated heavy rare earths company outside of Asia. The decision to integrate vertically addresses the need for creating a geopolitically independent supply chain for permanent magnets, crucial for electric vehicles, wind turbines, robotics, and decarbonization efforts.
Aclara Technologies will source high-purity mixed rare earths carbonates from Aclara's extraction modules in Chile and Brazil, converting them into individual rare earths oxides in the U.S. separation facility. This expansion solidifies Aclara's position as a key player in the global rare earths industry.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Aclara Expands into U.S. Market with Aclara Technologies Focusing on Rare Earths Separation
