Rare Earth Salts announced that it has a defined path to near term commercialization of its rare earth separation technology. Company CEO Allen Kruse has said that Rare Earth Salts low-cost technology will allow rare earth companies to directly compete with domestic Chinese pricing. The RES technical team claims to have demonstrated some of the lowest operating costs and highest efficiency in the industry with their environmentally friendly process, projected the cost to be below 4 dollars per kilogram. They reported that their separations technology is the missing piece to the industry being successful in the Western World once again. It will allow current rare-earth concentrate producers and prospective producers to directly compete with, and be profitable at, Chinese domestic pricing.
The functional independence of the Rare Earth Salts Separations Technology toward various rare-earth concentrate feedstocks is another key advantage for RES. Their technology allows them to reportedly combine concentrate from multiple partners and feedstock types without sacrificing separation effectiveness.
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