RIO to Build Demonstration Plant for Gallium Extraction in Canada [Yahoo! Finance]
CF Industries Holdings, Inc. (CF)
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Source: Yahoo! Finance
Rio Tinto Group RIO announced that it is assessing the potential for extracting and valorizing gallium from the bauxite processed in its Canada alumina refinery in Saguenay-Lac-Saint-Jean. This is part of Rio Tinto's research and development program, which aims to solidify the North America supply chain for critical and strategic minerals . Details on RIO's Gallium Extraction Exploration Rio Tinto intends to develop a demonstration plant for extraction in Saguenay, following the completion of the preliminary phase of technological development. RIO expects this demonstration plant to produce up to 3.5 tons of gallium per year. RIO estimates a commercial-scale operation to be able to extract up to 40 tons of gallium per year, representing 5-10% of current world gallium production. The project has gained the support of the government of Quebec, which has committed up to C$7 million (around $5 million) for the demonstration phase. Primary gallium plays a crucial role in various k
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