ENERGY & OFFSHORE | Staff Reporter, Singapore

Noble to grow rare earth, ores and metals businesses

It will develop activities with two subsidiaries.

Noble Group Limited (NGL) is digging into the rare earth and special ores and metals markets.

According to a press release, NGL will develop related activities through its two wholly-owned subsidiaries, Kalon Resources Pte Ltd (Kalon) and Talaxis Ltd (Talaxis).

Kalon focuses on special ores and metals upstream and downstream operations, whilst Talaxis will be dedicated to developing the cobalt, lithium and rare earth business.

Talaxis will also be involved in the research and development of industrial applications related to energy solutions’ providers and permanent magnets’ consumers.

"Similarly, the rare earths and special ores & metals groups have positioned themselves to emerge as significant participants in managing those flows that will benefit from trends such as the grid decarbonization and the new opportunities offered by the growing EV market," NGL said.

The firm said the businesses already operate long-term flows.

Upstream operations are located in Jamaica, Malawi, Mongolia, Russia, Rwanda and South Africa. Downstream distribution network extends to Canada, China, Malaysia, Thailand, the US, and Europe.

Photo by Peter Craven, uploaded by High Contrast, CC BY 2.0

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