BMW and Yamaha Motor have announced investments in Phoenix Tailings, a U.S.-based startup focused on sustainable rare earth materials. These materials are essential for electric vehicles, renewable energy technologies, and high-performance electronics.
Phoenix Tailings is pioneering eco-friendly methods to extract and process rare earth elements, aiming to reduce reliance on environmentally harmful mining practices. The funding from two major players in the automotive and motorbike industries highlights the growing demand for sustainable supply chains in clean energy and transportation.
This collaboration aligns with global efforts to enhance the availability of critical materials while minimizing environmental impacts.
