Overview
- The partnership, through Mosaic Fertilizantes P&K in Minas Gerais, follows completion of an economic assessment for the Uberaba site.
- The study outlines potential annual processing of 2.7 million tons of phosphogypsum to yield about 1,900 tons of separated neodymium and praseodymium oxide and 600 tons of a medium/heavy rare-earth product.
- The companies will launch a pre-feasibility study and, if results are favorable, proceed to a definitive feasibility study.
- Plans target construction of a processing facility next year with official production aimed for 2030, subject to study outcomes and subsequent approvals.
- Shares of Mosaic rose about 10% on Wednesday and gained another 7.6% Thursday, as one Seeking Alpha analyst reiterated a buy rating citing potential new revenue from waste streams and fertilizer price tailwinds.