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Rusal said on February 27 that it is investing 500 million rubles ($5.73 million) to build a rare earth metal scandium production facility with an annual output of 1.5 tons, and the production capacity will be increased to 19 tons per year.

LKAB, a Swedish mining company, recently said that if its Per Geijer mine is put into production, the company can meet about 18% of Europe’s rare earth metal demand in the long term, and it has begun to build related processing plants.