Taiwan expects to cover half of its demand for rare earth metals through self-production by 2030 Taiwan is developing a project for the first plant to produce rare earth elements. According to the Taipei Times, the initiative is being implemented by the local Industrial Technology Research Institute (ITRI), and construction is scheduled to be completed by the end of 2028. The company expects to reach a capacity of up to 500 tons of products per year. If the plan can be implemented, by the end of 2030 the plant will be able to supply about half of the island's need for rare earth metals. ITRI's pilot line currently produces about five tons per year. The authorities intend to expand local capacity and create their own supply chain to reduce dependence on foreign suppliers and the risks associated with export restrictions.

Taiwan expects to cover half of its demand for rare earth metals through self-production by 2030 Taiwan is developing a project for the first plant to produce rare earth elements. According to the Taipei Times, the initiative is being implemented by the local Industrial Technology Research Institute (ITRI), and construction is scheduled to be completed by the end of 2028. The company expects to reach a capacity of up to 500 tons of products per year. If the plan can be implemented, by the end of 2030 the plant will be able to supply about half of the island's need for rare earth metals. ITRI's pilot line currently produces about five tons per year. The authorities intend to expand local capacity and create their own supply chain to reduce dependence on foreign suppliers and the risks associated with export restrictions.