22 February, 2021in
Oxaquim plans to do new investments to increase its production capacity to 25.000 Metric Tons per year during 2022, with the aim to attend a new increasing market for new technological applications.
We are talking about the production and separation of rare earths in other countries but China.
Rare Earths are a group of essential minerals for the world’s electrification, since they are fundamental minerals for the production of smart phones, screens, new generation batteries for automobile sector and wind turbines among other sectors.
At the same time that these factories announce their production start during the next 4 years with huge oxalic acid consumes, Oxaquim want to grow in parallel.
Oxaquim is already in contact with different separation rare earths producers to organize their needs in terms of quantity and time period.