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Romania Offers Rare Earths to Enter Lucrative Battery Market

  • Re-opening of rare-metals mining design to lure global players
  • Romania seeks to join EU-wide battery alliance, minister says
    

Source: AFP via Getty Images

Romania is re-opening 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 euros ($57 million), he said.