Gujarat Mineral plans to establish rare earth elements processing plant

3 Sep 2022 , 01:32 AM

Gujarat Mineral Development Corporation announced that they are keen to establish a Rare Earth Elements REE Processing Plant in the country as REEs are essential for developing green energy technologies like permanent magnets for Electric Vehicles wind turbines and LEDs thereby helping India reduce carbon footprint As the next stage for entry into the sector and setting up the business GMDC proposes to conduct a pre economic assessment for the Ambadongar deposit involving among other things formulating a process flow design and all relevant testing for beneficiation and REE oxide production in line with Government of Gujarats vision of establishing a complete value chain for Rare Earth Elements in Gujarat estimating the investments required for such ventures and possible returns over the project time horizon