Vietnam aims to raise its rare earths production to 2.02 million tonnes a year by 2030, according to a government plan reviewed by Reuters, as it seeks to tap one of the world's largest reserves of key industrial metals.
The Southeast Asian country has the world's second-largest reserves of rare earths - an estimated 22 million tonnes - second only to China, according to the United States Geological Survey . Its rare earths production jumped toHigher output will be helped by extraction from nine mines in the northern provinces of Lai Chau, Lao Cai and Yen Bai, according to the plan signed by Deputy Prime Minister Tran Hong Ha on July 18.
"The objective of the plan is for the country to develop a synchronised and sustainable industry of rare earths mining and processing," it said.
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