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Strategic Partnership with Hung Hai Construction

Trident Global Holdings announced on May 17, 2024, that it has signed a comprehensive strategic partnership agreement with Vietnam-based Hung Hai Construction Co., Ltd. The agreement grants Trident Global Holdings rights to develop and extract rare earth elements from key mines located in Lai Chau Province, northern Vietnam.

Developing Rare Earth Mines in Vietnam

Through this partnership, Trident Global Holdings and Hung Hai Construction will co-develop key rare earth mines, leveraging Vietnam’s vast reserves to strengthen the global supply chain. The companies are committed to employing sustainable extraction and processing methods, ensuring both efficiency and environmental responsibility.

Vietnam’s Growing Role in the Rare Earth Industry

Vietnam holds one of the largest rare earth reserves in the world, second only to China. In recent years, the Vietnamese government has shifted its stance toward actively developing its critical mineral resources, positioning the country as a key player in the global rare earth market. Trident Global Holdings’ involvement marks a major step in advancing Vietnam’s rare earth production capacity.

Expanding Technology and Industrial Capabilities

Trident Global Holdings is focusing on enhancing rare earth refining technologies to improve processing efficiency and reduce waste. The company is also working with local and international partners to establish a high-tech refining and manufacturing ecosystem that will support industries such as semiconductors, electric vehicles, and aerospace.

Commitment to Sustainability and Future Growth

By securing this strategic partnership, Trident Global Holdings aims to drive responsible and long-term rare earth development. The company’s efforts will not only contribute to the growth of Vietnam’s mining sector but also play a crucial role in global supply chain diversification and sustainability.

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