Sask. to become home to ‘transformative’ rare earth production facility
A feat of ingenuity is creating what could be the province’s next major resource thanks to a plant and technology — the first of its kind being developed right here in Saskatchewan.
The foundation of a new plant being constructed in Saskatoon is that rare earth minerals can create powerful magnets, the likes of which are used in major technological advancements like wind turbines, smartphones and electric vehicles.
Mike Crabtree, president and CEO of the Saskatchewan Research Council, called the rare earth minerals “critical,” and is excited to see North America — and Saskatchewan specifically — moving into the market.
Crabtree called that critical, too. He said China is currently responsible for 80 to 90 per cent of the rare earth market in the world, and he expressed a need for the west to create its own product to become less reliant on China.