US bank eyes $750M for Aclara rare earth plant
The Export-Import Bank of the U.S. has expressed interest in financing up to $750 million for Aclara Resources' Project Dynamo rare earth processing plant in Louisiana. The plant, estimated to cost $277 million, would produce separated rare earths at commercial scale. Aclara's CEO called the interest a key milestone and validation of its strategy.
Why it matters: This development underscores the theme of rare earth supply chain security, as Washington seeks to build Western rare earth supply chains outside China's influence.