Trump backs US$50 million investment for South Africa rare earths

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Two enormous sandlike dunes at an old chemical processing plant in South Africa are at the centre of an exploratory US-backed project to extract highly sought-after rare earth elements from industrial mining waste. The Phalaborwa Rare Earths Project has US support through a US$50 million equity investment by the government’s International Development Finance Corporation and is part of accelerated US efforts to reduce...