Phoenix Tailings to build $375-million rare earths facility in New York state

By Jasper Ward WASHINGTON, Oct 20 (Reuters) Phoenix Tailings will build a commercial-scale rare earth processing facility worth $375 million in the city ​of Rochester, New York state s Governor Kathy ‌Hochul said on Tuesday. The United States is pouring billions into new rare earth plants to loosen China’s grip on the minerals, which are used in an array ‌of ​products from electric vehicles to ⁠fighter jets. Most of ⁠that capacity won’t come online until 2027 or later. Phoenix Tailings  500,000-square-foot facility will be built in Rochester s Eastman Business Park with some operations slated ​to start next year and full production expected in 2028, Hochul said in a ⁠statement. It is expected to process ⁠about 18,000 tons of rare earth ​material each year, the statement said, adding that New ​York state will provide $3 million in performance-based tax ‌credits for the project. The governor said the facility will help bolster our national security by building a clean supply chain for