Hyundai Engineering Enters U.S. Critical Minerals Plant Market

Published: Jul 10, 2026 13:22

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Hyundai Engineering announced on July 8 that it signed a memorandum of understanding (MOU) in Washington, D.C. on July 7 local time to carry out procurement work for the Rhyolite Ridge lithium-boron project being developed by Australian critical minerals developer Ioneer.

The project, worth around USD 2 billion, or about KRW 3.1 trillion, will be developed at the Rhyolite Ridge mine in Nevada, the United States.

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