A hi-tech rare earth processing plant will be built in Ha Long city, the northern province of Quang Ninh.

An agreement to this effect was signed in Quang Ninh by Global Rare Earth, an affiliate of Vietnam ’s Tuan Chau Group and the Winglee Resources PTE Company of Singapore on December 4.

Accordingly, the 35.5 million USD plant, Vietnam – Singapore International Rare Earth Ltd, will sit on a 50,000 square metre site in the region’s Viet Hung industrial zone.

Construction is expected to finish in the next 8 months since the plant gets the government’s permission.

In the second phase, additional mining surveys will be conducted to provide materials for the plant.

Rare earth elements are important materials in the production of components used in mobile phones, solar batteries, high-efficiency electric motors, flat-screen televisions, military equipment and other clean energy technologies./.VNA