GMDC to study economic viability of rare earth elements processing unit

Gujarat’s state-run GMDC announced that it is considering conducting a study to ascertain the economic potential of establishing a rare earth elements processing facility there.

The development of renewable energy technology such as wind turbines, LEDs, and permanent magnets for electric vehicles depends on rare-earth elements (REE), also referred to as rare-earth metals.

According to a statement from Gujarat Mineral Development Corporation (GMDC), the PSU “is considering conducting a scoping study to ascertain the project’s economic viability and outline at least one opportunity to develop the processing plant for the deposit at Ambadongar, Chotaudepur district in Gujarat state in India.”

The company also plans to carry out a pre-economic assessment for the Ambadongar deposit involving, among other things, formulating a process flow design and all relevant testing for beneficiation and rare earth elements oxide production.

Site Moved. Visit our New Website

We have moved this news site from this URL to https://www.newprojectstracker.com/capex-news .

Visit this site for regular updates

Buy Latest Research Reports

Jayaparakash Sampath

Founder & CEO at NPT Research Information Services

Related Posts