Florida-based investment and management company Dada Holdings is run by David D’Addario, who serves as its chief executive officer. David D’Addario is also the chairman of ElementUS Minerals, LLC, which is a Dada venture.
ElementUS Minerals is a private venture whose fundamental objective is to extract and refine the component elements that make up bauxite residue, which is a waste product from the alumina refinement process. These include cerium and neodymium, which are rare earth elements, as well as other important metals and minerals. The company's refinement process is beneficial to the environment in several ways. First, ElementUS Minerals contributes to a cleaner environment by cleaning up and recycling bauxite residue. This lessens the carbon footprint of alumina refineries and provides a resourceful solution to developing environmental concerns around bauxite waste. The company's recycling process also ensures that bauxite waste is converted into valuable materials and products. Bauxite has a concentration of ten rare earth elements, and it also contains minerals and metals that are valuable to the government and many industries. ElementUS Minerals uses environmentally friendly processing technology to extract these strategic materials. It also refines them into valuable products such as coagulants, calcium carbonate, and silica oxides. Due to the fact that all the materials are above ground and contained in the bauxite residue, invasive activities that damage the environment such as mining and excavation are not required. This means that the recycling process has zero mining impact on the environment.
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AuthorDavid D'Addario - Growth-Focused Metals Executive. Archives
October 2023
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