Europe’s first rare earth metal processing plant has been proposed. And it’s in Hull.

With the majority of the world’s rare earth metals coming from China, it was inevitable that other countries would eventually develop their own supply lines. Pensana Rare Earths have taken the first step towards this in Europe, proposing a $125m plant in Hull. They say they chose Hull for its port and world class infrastructure, referring to Saltend chemical park, which has easy access to many required materials and services such as chemicals and chemical waste disposal. The proposed plant will create 100 jobs directly and plans to produce large quantities of neodymium and praseodymium, metals used in strong magnets. These magnets are essential to both wind turbines and motors for electric vehicles, two green technologies currently in a boom.