The Canadian province of Saskatchewan aims to challenge China in rare earth processing, positioning itself as North America's top source for metals essential in EVs and wind turbines. With China dominating 95% of global production, Western governments are seeking alternatives due to export controls on critical metals. Saskatchewan's Rare Earth Processing facility plans to produce 40 tonnes monthly and 400 tonnes annually, catering to the growing demand. The facility's focus on AI optimization ensures competitiveness in the Asian Metals Price Index. While Chinese metals set the price benchmark, non-Chinese producers seek premium prices for higher standards. As the market remains competitive, manufacturers must align with the Asian Metals Index to stay relevant. This development could impact the global supply chain and prices for rare earth metals, affecting industries reliant on these materials.
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