Key facts
- Phoenix Tailings is a U.S. rare earths processing startup.
- Sumitomo Corporation of Americas is an investor in Phoenix Tailings.
- Phoenix Tailings is leveraging Asian manufacturing expertise and raw material supplies.
- The company aims to begin U.S. operations in 2028.
- Phoenix Tailings will initially target neodymium, dysprosium, and terbium.
- These rare earth elements are used in advanced technologies.
Phoenix Tailings, a United States-based rare earths processing startup, is strategically leveraging Asian manufacturing expertise and raw material supply chains to further its ambitions of establishing domestic rare earth production. The company has secured backing from Sumitomo Corporation of Americas, alongside other international investors, indicating a global approach to its U.S.-centric mission. Phoenix Tailings has set a target to commence operations at its planned U.S. facility in 2028. The initial focus of its processing capabilities will be on critical rare earth elements including neodymium, dysprosium, and terbium. These elements are vital components in the manufacturing of advanced technologies, including electric vehicles and wind turbines, highlighting the strategic importance of Phoenix Tailings' venture in securing domestic supply chains for these materials.