Story perspectives

Lindian Secures 180k-tonne Acid Supply Amid China Ban

4/28/2026

Summary

Lindian Secures Deal

Lindian Resources secured a long-term sulphuric acid deal after China bans 4.65 million tonnes from May 2026.
Stepnogorsk plant will supply 180,000 tonnes annually for Lindian, which funded stage-one with A$132 million to deliver 6,000 tonnes yearly to Iluka’s Eneabba refinery for 15 years.
Sareco, owned by Lindian, uses 1.2–1.4 tonnes acid per tonne concentrate to process rare-earth mix.
Tests showed Kangankunde monazite yields 94 % rare-earth oxide, 97 % Nd-Pr recovery and >90 % dissolution in one hour.

Summary

Critical Metals Acquires

Critical Metals Corp will pay about $835 million to acquire European Lithium Ltd., raising its stake in Greenland’s Tanbreez deposit to 92.5%.
The acquisition adds European Lithium’s AUD$306 million cash pile (about $219 million) to Critical Metals’ $124 million cash reserve.
Kenya’s Ministry of Mining is seeking foreign investment for the billion-dollar Mrima Hill deposit to create thousands of high-skill jobs under ESG standards.

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Lindian Secures Deal

Lindian Resources secured a long-term sulphuric acid deal after China bans 4.65 million tonnes from May 2026.
Stepnogorsk plant will supply 180,000 tonnes annually for Lindian, which funded stage-one with A$132 million to deliver 6,000 tonnes yearly to Iluka’s Eneabba refinery for 15 years.
Sareco, owned by Lindian, uses 1.2–1.4 tonnes acid per tonne concentrate to process rare-earth mix.
Tests showed Kangankunde monazite yields 94 % rare-earth oxide, 97 % Nd-Pr recovery and >90 % dissolution in one hour.

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