August 27, 2024
SRC and Arafura Rare Earths Limited have signed a Memorandum of Understanding (MOU) to collaborate on the global diversification of the magnet value supply chain, bringing together capabilities and interests in processing and supply of rare earths elements (REEs).
Heavy rare earths are vital for high-performance rare earth magnets as the world transitions to a low-carbon future.
SRC is home to world-class REE experts and is recognized nationally and internationally as a centre for excellence in REE extraction and processing technology.
Read the news release.
![src graphic with title of news release](/sites/default/files/image/news/Arafura%20MOU.png)