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Japan's Sumitomo, Builders Vision invest in US rare earths startup Phoenix Tailings

Japan's Sumitomo, Builders Vision invest in US rare earths startup Phoenix Tailings

The logo of Sumitomo Corp is seen at the company headquarters in Tokyo, Japan, May 9, 2016. REUTERS/Toru Hanai

Japan’s Sumitomo and impact investment fund Builders Vision have invested in U.S.-based rare earths processing startup Phoenix Tailings, the latest move by manufacturers to boost production of the critical minerals outside of China.

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