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Rare Earths Development Consortium
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An integrated platform securing the rare-earth materials behind electrification, mobility, robotics, aerospace and advanced electronics — from resource through refining, alloying and high-performance NdFeB magnet manufacturing to global OEM supply.
NdFeB permanent magnets are structurally irreplaceable in electric drivetrains, wind turbines, robotics, aerospace and advanced electronics — yet separation and magnet-making remain concentrated within limited regions. Governments and OEMs are moving to diversify, localise and secure resilient supply.
Mining new resource is not the binding constraint. Separation, metal-making, alloy and sintered-magnet capacity are — and they are the stages the platform is built to hold.
*Directional industry context for orientation only — not project data.
Rather than a mining project, the platform is a unified value chain that captures margin at every stage and aligns secure resource with global manufacturers. Select a stage to open the engineering detail.
Ionic adsorption clay is the low-energy route to the four magnet elements — held as exchangeable cations on clay surfaces and recovered under mild conditions, then engineered into magnet-grade product.
The consortium aligns resource, capital, technology, industrial capacity and offtake into one streamlined structure — each Member contributing a distinct capability, and each taking secure position in the chain.
Each phase is designed to prove the next: resource and flowsheet first, midstream sovereignty second, magnet manufacturing and qualified OEM supply third.
Definition drilling, metallurgical testwork and pilot ion-exchange circuits to lock the process route and product specification.
Separation and metal/alloy capacity established with Members — the stage that converts a resource into strategic leverage.
Sintered NdFeB production, OEM qualification and long-term supply agreements into mobility, energy, robotics and advanced industry.
Detailed technical, commercial and structural information is released to qualified counterparties on receipt of an Expression of Interest and execution of a Non-Disclosure Agreement.
Enquiries treated in strict confidence · No project, location or counterparty information is published on this site
Headquartered in London, the Rare Earths Development Consortium is formed by an international group of industry leaders building an integrated rare earths capability — resource, refining, metal and alloy, and high-performance permanent magnet manufacturing — aligned directly with global manufacturers.
To establish a secure, traceable and commercially durable mine‑to‑magnet supply chain outside the currently concentrated midstream — in partnership with the governments and manufacturers who need resilient access to permanent magnet materials.
The Rare Earths Development Consortium (READ Consortium) is led by an internationally assembled collection of senior mining executives, metallurgists, project developers, commodity specialists, financiers and industrial leaders, established to develop one of the world's next strategically significant rare earth supply platforms. Its leadership includes the former CEO of the London Metal Exchange (LME) and the former Chairman of Indian Rare Earths Limited (IREL), the Government of India's sovereign integrated rare earths company.
Seven forces have converged to make an integrated, allied mine-to-magnet chain both necessary and economically viable.
Permanent magnets are where the energy transition, advanced manufacturing and national resilience converge — and where the supply chain is thinnest. Resource is comparatively distributed. Separation, metal-making, alloy and magnet capacity are not. The consortium exists to build that missing middle alongside the partners who need it, rather than to sell raw material into someone else's chain.
Three things. It is built on a low-capital ionic adsorption clay resource base rather than conventional hard rock. It is integrated by design, so value is captured at every stage rather than surrendered at the mine gate. And it is a platform: Members contribute a distinct capability — capital, technology, industrial capacity or long-term demand — and take a secure position in return.
Written into the constitution as Members are admitted — not presented as established practice.
A Member is an organisation admitted to the consortium that contributes a defined capability — resource, capital, technology, industrial capacity or long-term demand — and takes a corresponding position in the chain.
The categories below describe the types of entity the membership comprises, what each contributes, and what each secures in return.
Information on this page is provided for orientation. Definitive terms, structure and documentation are released to qualified counterparties under a Non-Disclosure Agreement.
The strongest environmental advantage of this platform lies directly within our chosen process route. Utilizing ionic adsorption clay ensures an inherently clean, efficient, and highly sustainable approach to rare earth production.
True environmental stewardship is hardcoded into our operations. By harnessing ionic adsorption clay, our extraction method inherently secures a clean, highly efficient, and forward-looking future for rare earth production.
The consortium operates under formally adopted governance policies.
This framework strictly adheres to proven international standards rather than internally invented criteria.
Four of the heaviest environmental burdens in conventional rare earth production simply do not arise.
The material is soft and free-dig, so the crushing and milling circuits that dominate hard-rock energy consumption are not needed.
Rare earths are recovered by ion exchange under mild conditions — no roasting, no acid bake, none of the associated emissions.
The flowsheet does not depend on the large wet impoundments that represent one of the mining industry's legacy liabilities.
Non-monazite ionic clay does not carry the thorium burden common to hard-rock deposits, removing a whole regime of handling and residue risk.
Directional comparison of the two routes. Hard rock wins on head grade; the clay route wins on almost everything you spend to liberate it.
Directional industry context for orientation only — not project data.
Operational frameworks are built directly upon established international standards rather than internally invented criteria.
Detailed technical, commercial and structural information is released to qualified counterparties on receipt of an Expression of Interest and execution of a Non-Disclosure Agreement.
The assistant on this site will answer most technical and commercial questions — the geology and chemistry, the magnet metallurgy, who the end customers are, how magnets are priced, where the margin sits in the chain, and how the consortium model works.
Last updated July 2026. This site is operated by the READ Consortium, 134 Buckingham Palace Road, London SW1W 9SA, United Kingdom.
This site is provided for general information only. By using it you accept these terms. The content may be changed or withdrawn at any time and without notice. Use of the site is at your own risk.
Nothing on this site constitutes an offer, invitation, solicitation or recommendation in respect of any securities, interest, investment or transaction, nor advice of any kind. No representation or warranty, express or implied, is given as to the accuracy, completeness or reasonableness of the information provided.
The site contains no project-specific technical, resource or financial data. Statements describing the structure, governance and standards refer to the operating basis of the platform. Forward-looking statements are subject to risks and uncertainties, and outcomes may differ materially.
Responses produced by the assistant on this site are generated automatically for general information, may contain errors, and do not constitute advice or any representation by the READ Consortium. Nothing said by the assistant creates any obligation or relationship, and confidential information is never disclosed through it.
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Detailed technical, commercial and structural information is confidential and is released only to qualified counterparties following an Expression of Interest and execution of a Non-Disclosure Agreement. Correspondence is treated as confidential by both parties. No asset, location or counterparty information is published on this site.
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Access is restricted to Members of the READ Consortium and to counterparties admitted to the confidential data room.