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Solvay and Viridis enter agreement for rare-earth materials supply

This article was originally posted on Chemical Engineering Online.
Summary
Solvay has signed a Letter of Intent with Viridis Mining & Minerals to secure a strategic supply of rare earth materials by 2028, aiming to strengthen and diversify critical-material supply chains; both parties will now work toward a definitive sourcing agreement.

What specific rare earths and sustainability commitments would you want prioritized in the final deal, and how might this influence downstream sectors like EVs, wind turbines, and electronics?

Solvay S.A. (Brussels, Belgium) announced it has entered into a Letter of Intent (LOI) with Viridis Mining and Minerals to secure a strategic supply of rare earth materials by 2028, reinforcing the resilience and diversification of critical materials supply chains. Both companies will now work toward finalizing a definitive sourcing agreement.   Under the terms […]

The post Solvay and Viridis enter agreement for rare-earth materials supply appeared first on Chemical Engineering.

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