Romania is reopening mines for rare earth minerals to lure investments in electric battery plants, joining a Europe-wide initiative that aims for a bigger share of the global market.
The government is renewing operations at three mines that produce rare metals, including europium and dysprosium, for the first time in three decades, Economy Minister Niculae Badalau said in an interview in Bucharest. Talks with electric battery manufacturers are ongoing for an investment of more than €50-million, he said.Romania is reopening mines for rare earth minerals to lure investments in electric battery plants, joining a Europe-wide initiative that aims for a bigger share of the global market.
The government is renewing operations at three mines that produce rare metals, including europium and dysprosium, for the first time in three decades, Economy Minister Niculae Badalau said in an interview in Bucharest. Talks with electric battery manufacturers are ongoing for an investment of more than €50-million, he said.