Global Trade Alert
Global Trade Alert

United States of America: U.S. Department of Defense provides funding for the establishment of a Heavy Rare Earths (HRE) separation facility

Announcement

14 Jun 2022

In June 2022, the Department of Defense (DOD) announced awarding USD 120 million to Lynas Rare Earths Ltd (Lynas), the largest rare earth element mining and processing company outside of China, for the establishment of Heavy Rare Earths (HRE) separation facility.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

14 Jun 2022

Revocation date:

No revocation date

Updated: 14 Jun 2022
State aid, unspecified In force
On 14 June 2022, Lynas Rare Earths Ltd announced that its wholly-owned subsidiary Lynas USA LLC signed a contract for approximately USD120 million with the U.S. Department of Defense (DoD) to establis...
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