SMM Daily: Rare Earth Prices Surge Continuously, Market Concerns Escalate

PhosCo reported that beneficiation tests at its Gassat phosphate ore project in Tunisia showed that phosphate concentrates can achieve a grade of 34% through a simple single-stage flotation process, with a recovery rate of 73.5-77.8%. The company will conduct verification on multiple deposits at the Gassat project.

Energy Fuels Inc. has commenced a $104 million expansion of its White Mesa mill in Utah, aimed at establishing commercial-scale production of dysprosium, terbium, and other rare earth oxides. These new circuits represent another step in the company's strategy to build a Western "mine-to-magnet" supply chain from mineral sand deposits to rare earth processing, metals, alloys, and permanent magnets.