BMW i Ventures has invested in Phoenix Tailings, a mining startup aiming to scale rare earth metal production to 200 tons annually. The investment’s details remain undisclosed, but its zero-waste, zero-emissions refining process is seen as a significant advancement for sustainable metal production, crucial for clean energy technologies. Alongside other investors, Phoenix Tailings is developing a $13 million plant in New Hampshire, set to begin production in June. The company’s innovative methods help ensure a secure supply of essential materials while being cost-competitive against traditional processes.

Source: https://www.supplychaindive.com/news/bmw-iventures-phoenix-tailings-rare-earth-metals-new-hampshire-plant/737047/