JX Advanced Metals Corporation
Notice of Agreement with Tronox to Commence a Joint Study on Entering the Rare Earths Refining Business
Commencement of a joint study with Tronox to evaluate entry into the rare earths refining business. Total cost is approx. 32 million USD (each party to bear 50%), targeting evaluation of leaching, separation and refining at candidate sites in Australia, the U.S. and other locations. Aiming to complete during 2027. Impact on consolidated results for the fiscal year ending March 2027 is expected to be minor.
Key Figures
- Cost of Joint Study: approx. 32 million USD (each party bears 50%)
- Assumed Annual Production: up to approx. 10,000 tons (in rare earth oxide equivalent)
- Target Completion Timing: During 2027
AI要約
Overview of the Joint Study
JX Advanced Metals Corporation will commence a joint study with Tronox Holdings plc to evaluate the business feasibility of a rare earths refining business. Candidate locations include Australia and the United States, and the study will assess the technical and economic viability and business structure of processes including leaching, separation and refining of rare earths. At this stage, production of up to approximately 10,000 tons per year is assumed. Both companies are expected to share the costs 50/50.
Purpose, Background and Future Outlook
Rare earths are essential for advanced industries, and diversification and stable securing of supply chains are challenges. In line with the long-term vision for 2040, the Company positions advanced materials as the core of its growth strategy, and this study aims to build a new supply chain connecting raw materials to products by adding refining processes. Tronox is a major titanium dioxide pigment producer and a vertically integrated company engaged in mining, separation and manufacturing.
JX Advanced Metals Corporation
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