Mining of Rare Earth elements to restart in in Lai Chau province
what
- The Potential of Vietnam's Rare Earth Elements
how
Insert data supporting the development you are describing, budget, timeline etc.
- From 2023, Vietnam planned to restart mining the Dong Pao rare earth mine in Lai Chau province.
- According to the US Geological Survey, Vietnam has the world's second-largest reserves of rare earths after China, with an estimated 22 million tonnes accounting for around 19% of the world's known reserves.
- According to the "Planning for exploration, exploitation, processing and use of minerals in the period 2021-2030, vision to 2050", it is expected that in the period up to 2030, Vietnam will exploit about 2 million tons of Raw rare earths/year
- Visiting Hanoi to upgrade bilateral relations, U.S. President Joe Biden signed an agreement to boost Vietnam's ability to lure investors for its rare-earth reserves.
- Lack of semiconductor engineers
call to action
Contact Marcus.Persson@business-sweden.se to learn more