JX Nippon Mining & Metals Invests in Australian Mineral Sands Project
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JX Nippon Mining & Metals Corporation has announced that Marubeni Corporation will invest A$15 million in a mineral sand deposit project in southeastern Australia. Marubeni will have the right to acquire up to a 5% equity interest upon commercialization. The project, currently in feasibility study, aims to secure sales channels for minor metals and rare earths, leveraging Marubeni’s expertise. This initiative is expected to enhance the competitiveness of JX Advanced Metals Group with a modest investment, benefiting from the region's stable geopolitical environment.
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