Rio Tinto produces scandium oxide in Quebec, Canada.

Published: Nov 7, 2025 14:49

Save

Rio Tinto and the Canada Growth Fund (CGF) announced a transaction to produce scandium oxide at a critical mineral processing plant under construction in Sorel-Tracy, Quebec, Canada.

CGF, a CAD 15 billion independent investment fund, will invest approximately CAD 25 million in this facility—the only one in North America capable of supplying scandium—expanding its annual capacity to 9 mt and thereby strengthening Canada's critical mineral supply chain.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 hours ago

American Rare Earths Starts Magnet Production in Oklahoma, Aims for 600 mt/year by December

[SMM Rare Earth Bulletin] American Rare Earths announced that the first rare earth magnet production line at its Stillwater, Oklahoma facility had been put into operation, with commercial shipments to begin in April, and it was expected to reach full capacity of 600 mt per year by the end of December. The company said the plant's capacity would increase to 1,200 mt/year by 2027. In January this year, American Rare Earths signed a non-binding agreement with the US Department of Commerce for $1.6 billion in funding support to build a mine to supply raw material for magnet production.

3 hours ago

14 hours ago

BAIC Invests in Aite Magnetic for R&D and Market Expansion in Soft Magnetic Powder Cores

14 hours ago

BAIC Industrial Investment Completes Strategic Investment in Aite Magnetic Material to Boost R&D and Market Growth

BAIC Industrial Investment Management Co., Ltd. announced the completion of a strategic investment in Jiangxi Aite Magnetic Material Co., Ltd., aiming to support its R&D innovation and market expansion in the field of soft magnetic powder cores. Founded in 2014, Aite Magnetic Material focuses on soft magnetic powder core products such as iron-silicon-aluminum, iron-silicon, iron-based amorphous, and nanocrystalline materials, and holds an important position in the magnetic materials sector. As a professional investment platform under BAIC Group, BAIC Industrial Investment's move into the magnetic materials field will help Aite Magnetic Material enhance its technology R&D capabilities, expand its market share, and promote technological innovation and industrial upgrading in the automotive industry and related sectors.

14 hours ago