Sibanye-Stillwater – the owner of the only platinum and palladium mines in the U.S. – has plans to lay off 700 employees at its operations in Montana due to declining prices for palladium, reported the Associated Press. The news agency said Sibanye-Stillwater Executive Vice President Kevin Robertson explained in a letter to employees that the price of the precious metal…
Read MoreDay: September 16, 2024
DoD invests millions in terbium production
The U.S. Department of Defense has announced a $4.22 million award to Rare Earth Salts in Beatrice, Neb., for developing and expanding production of terbium oxide from recycled fluorescent light bulbs. Terbium is an essential element for rare earth magnets in many key defense systems. It makes up less than 1% of the total rare earth content in most deposits.…
Read More