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Radify Metals Redefines Rare Earth Processing With Clean Plasma Technology

Rare Earths As A Geopolitical Leverage

Rare earth elements account for a small share of global metals markets but remain critical for electronics, defense, and energy systems. China continues to dominate supply and processing capacity. Governments, including the United States, are investing in alternative supply chains. New mining and refining projects are under development, though scaling remains limited compared with existing Chinese capacity.

A Revolutionary Approach To Metal Refining

Zach Detweiler, co-founder and CEO of Radify Metals, said conventional refining relies on heat or water-based processes to remove oxygen from metal oxides. These methods require significant energy and generate industrial waste. Radify Metals is developing an alternative approach to convert metal oxides into pure metals with reduced byproducts.

The Promise Of Plasma Technology

Plasma-based processes can remove oxygen from metal oxides, producing metal and water vapor as output. High costs have historically limited industrial use. Radify Metals said it has developed a reactor combining power electronics and materials handling systems to improve efficiency and scalability.

Scaling For Resilience And Flexibility

The company’s reactor is designed to produce metals such as dysprosium and samarium, which are used in magnets and electronic components. A modular design allows production units to operate at smaller scale compared with traditional systems. Detweiler said this flexibility enables switching between metals such as titanium and zirconium depending on market conditions.

A Vision Beyond Rare Earths

Radify Metals operates from Campbell, California, with a team of five employees. The company plans to increase output from several kilograms per day to a pilot reactor producing up to 100 kilograms daily. In addition to rare earth elements, the company is testing applications for metals including hafnium, scandium, titanium, iron, and aluminium.

An Industry Poised For Transformation

New refining technologies are being developed as countries seek to reduce dependence on existing supply chains. Radify Metals said its approach focuses on lower emissions and flexible production. Industry participants are monitoring whether such technologies can scale to commercial levels.

Eurobank Launches First UPI Cross-Border Payment From Greece To India

Eurobank has launched its first cross-border payment from Greece to India through the Unified Payments Interface (UPI), marking a new step in the bank’s international expansion and its strategy to strengthen financial ties between Europe and India.

The transaction, completed in cooperation with NPCI International, follows the launch of Eurobank’s new payment service. The inaugural payment was made in the presence of India’s Commerce and Industry Minister Piyush Goyal, Eurobank Chief Executive Fokion Karavias and senior executives from NPCI International.

A Strategic Bet On India’s Digital Payments Ecosystem

According to Eleftherios Vlachogiannis, Eurobank’s head of transaction banking, the service currently supports outgoing payments by Indian citizens living in Greece to recipients in India, representing the first phase of a broader collaboration with NPCI International.

UPI is operated by NPCI International. By integrating the system into its e-banking platform and mobile app, Eurobank enables customers to make real-time transfers.

“The most important aspect is the philosophy behind the initiative,” Vlachogiannis said. “Instead of creating another closed payment system, we are integrating mature and internationally recognised payment ecosystems into the bank’s services so customers enjoy a simple, secure and modern transaction experience.”

He added: “Innovation creates value when it delivers a genuine benefit for the customer.”

Building A Financial Bridge Between Europe And India

The UPI launch follows Eurobank’s opening of a representative office in Mumbai, making it the first Greek and Cypriot bank with a physical presence in India. The bank has also expanded its presence through the India-Greece-Cyprus Business and Investment Council, a technology centre in Pune and partnerships with Indian institutions.

Vlachogiannis said India’s economic growth and closer ties with the European Union support the bank’s long-term strategy. He also pointed to progress in negotiations on the EU-India Free Trade Agreement.

Mumbai Office Serves As A Regional Business Hub

Eurobank’s Mumbai office supports businesses seeking to establish operations between India, Greece, Cyprus and the wider European market. It provides access to banking services, business networks and market support.

For Greek companies expanding into India, the bank offers international payments, foreign exchange management, trade finance and supply chain finance. Indian businesses investing in Greece, Cyprus or elsewhere in the European Union can also access financing and corporate banking services through Eurobank.

Aiming To Strengthen The India-Europe Corridor

Looking ahead, Eurobank said it will continue investing in technology, international payments, trade finance and partnerships with Indian organisations.

“Our ambition is to act not only as a banking services provider but also as a strategic partner for businesses and investors seeking to benefit from the opportunities created by this dynamic market,” Vlachogiannis said.

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