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Phoenix Tailings to Build $375 Million Rare Earth Plant
New York Governor Kathy Hochul announces Phoenix Tailings' $375 million rare earth plant in Rochester, N.Y., to reduce U.S. reliance on China.
In brief
New York Governor Kathy Hochul announces Phoenix Tailings' $375 million rare earth plant in Rochester, N.Y., to reduce U.S. reliance on China. Phoenix Tailings will build a $375 million rare earth processing plant in Rochester, New York, starting partial operations in 2027 to reduce U.S. dependence on Chinese rare…
Phoenix Tailings Plant Announcement
New York Governor Kathy Hochul announced Phoenix Tailings will build a $375 million rare earth processing plant in Rochester, N.Y.
Plant Timeline and Capacity
The 500,000-square-foot facility will start partial operations in 2027 and reach full production in 2028, processing 18,000 tons of rare earth material annually.
State and Federal Support
New York state provides $3 million in performance-based tax credits, and the Pentagon committed $500 million in conditional long-term debt financing.
U.S. Rare Earth Buildout
The project supports U.S. efforts to reduce reliance on China, alongside MP Materials, USA Rare Earth, and Energy Fuels' initiatives.
The headline
Phoenix Tailings will build a $375 million rare earth processing plant in Rochester, New York, starting partial operations in 2027 to reduce U.S. dependence on Chinese rare earth supplies.
