Rising Treasury yields from U.S.-Iran tensions and sovereign debt concerns threaten financing for capital-intensive rare earth and critical mineral projects.
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Belgium
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About Belgium
Belgium has no rare-earth mining, and USGS lists no Belgian production or reserves. Its place in the supply chain comes from a company head office and a university research institute.
The company is Solvay, whose registered seat is in Brussels and whose shares trade on Euronext Brussels and Paris. Solvay owns the rare-earth separation plant at La Rochelle in France, which it says can process the full range of rare-earth elements at industrial scale. It has added a production line there for the rare earths used in permanent magnets.
The institute is SIM² at KU Leuven, which researches metals recycling and set up a knowledge platform on rare-earth recycling. It holds that even complete recycling cannot meet demand for metals such as rare earths without responsible primary mining.
In an interview with Malay Mail, Belgium's deputy prime minister offered Malaysia technology transfer, pointing to the expertise of Solvay and Umicore. Whether the pitch turns into licensing, joint ventures or plants is the open question.
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