
Posted on
22 February, 2021
in
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.
Related posts
4 December, 2020
Oxaquim improves its position in the world market due to the closure of a producer situated in India.
Despite differences in the production method and costs, specially hand labor, higher technology level of [...]
Read more27 February, 2020
Pure Oxalic Acid, a new objective which will be met in 2020
With the aim of continuing the research and progress in the oxalic acid market, OXAQUIM is currently [...]
Read more12 February, 2020
Oxaquim gets new help from the “Plan Miner” thanks to its investments and the creation of employment in Alcañiz
On January 10, 2019 the definitive resolution of the Institute for the Restructuring of Coal Mining and [...]
Read more12 February, 2020
Oxaquim receives assistance from the European Regional Development Fund for its investments
Thanks to the project supported by the line of energy saving and efficiency grants in PYME and large [...]
Read more