On July 10, rare-earth mining company MP Materials CEO Jim Litinsky said that the U.S. Department of Defense (DoD) will become its largest shareholder by buying USD 400 million of its stock and providing another USD 150 million loan.
Las Vegas-based MP Materials owns the only rare-earth mine in the U.S., at Mountain

On July 9, Neo Performance Materials Inc. (Neo) announced that it has secured a supply contract for a new platform of permanent rare earth magnets with a leading European Tier 1 supplier of electric vehicle (EV) traction motors for a major OEM.
The magnets will be supplied from Neo’s new rare earth magnet plant in N

On July 2, the Minister of Enterprise and Made in Italy met with the Malaysian Minister of Investment, Trade and Industry. They discussed opportunities for collaboration in the rare earth sector. They also shared their interest in strengthening cooperation in the field of applied research in semiconductor design, rec

On June 29, multiple sources reported that Serbian President Aleksandar Vučić reached out to Chinese President Xi Jinping on behalf of Stellantis' Kragujevac plant, Serbia over problems with rare mineral exports due to U.S. tariffs.
Xi responded positively and had already instructed Chinese authorities to work closel

On June 24, multiple sources reported that the Minister of Heavy Industries, India stated that the Government is planning a rare earth magnet manufacturing scheme. A final decision is expected within 15 to 20 days. The Ministry of Heavy Industries and the Department of Atomic Energy (DAE) are working to finalize the

On June 20, multiple reports confirmed that during Tata Motors' Annual General Meeting, the Chairman of Tata Sons announced Tata Motors currently holds sufficient stock of rare earth magnets.
Tata Motors is actively exploring new supply sources and working closely with the government to secure alternative options for

On June 18, the Ministry of Heavy Industries, India, in a social media post, announced that its secretary convened a strategic meeting with key stakeholders to tackle the rising demand for Rare Earth Permanent Magnets (REPM). The discussions focused on indigenization efforts by the industry and the handholding needed

On June 18, Scout Motors CEO Scott Keogh said the new automaker is re-engineering some components for its upcoming Traveler SUV and Terra pickup to reduce the need for rare earth materials, an issue that has become critical to the auto industry and taken center stage in U.S. trade negotiations with China.
Keogh said

On June 13, Ford CEO Jim Farley said the company is struggling with supplies of rare earth magnets that are essential to car production and already forced a shutdown of production of its Explorer SUV at its Chicago plant for a week in May. Farley said that the supply of the critical components has been trickling out

China has granted temporary export licenses to rare-earth suppliers of the Detroit 3 automakers, according to sources familiar with the matter.
Suppliers to General Motors, Ford, and Stellantis got clearance for some rare earth export licenses on June 2, one of the two sources said. At least some of the licenses are

On June 12, Stellantis said it is currently unaffected by supply bottlenecks for rare earth materials from China, though it has had difficulties in managing the situation in the past, according to its head of European operations.
"We're all fine for June," Stellantis' Jean-Philippe Imparato said during an automotive

On June 11, Cyclic Materials, an advanced recycling company building a circular supply chain for rare earth elements (REEs), announced a USD 25 million investment to launch North America’s first Centre of Excellence for rare earth recycling in Kingston, Ontario. 
Spanning over 140,000 square feet, the first-of-its-ki

On June 12, JLR hired 50 new supply chain experts to strengthen its EV supply chains and ensure ethical sourcing, as the company transitions to fully electric models across all brands by 2030.
These new roles will help track parts and critical materials, such as lithium, cobalt, nickel, manganese, graphite, and rare

On June 11, U.S. President Donald Trump and Chinese officials announced they have agreed to a framework for a trade deal between the two countries, setting tariffs, allowing students to attend U.S. universities and easing restrictions on trade in rare earths.
“Our deal with China is done, subject to final approval wi

On June 10, multiple sources reported that the Union Minister of Commerce and Industry, India, addressing a press conference in Switzerland, stated that China’s curbs on the export of rare-earth magnets are a ‘wake-up call’ which can impact important sectors like the auto industry and consumer goods.
The Indian gover

On June 8, China’s Ministry of Commerce, in a social media update, stated that Commerce Minister Wang Wentao held a discussion with EU Commissioner for Trade and Economic Security Maroš Šefčovič in Paris, France on June 3.
Wang explained China’s export control policies to Šefčovič, emphasizing that implementing expor

On June 6, the External Affairs Minister of India, the ministers of Foreign Affairs of the Republic of Kazakhstan, the Kyrgyz Republic, the Republic of Tajikistan, Turkmenistan, and the Republic of Uzbekistan took part in the 4th meeting of the India-Central Asia Dialogue.
The Sides expressed interest in the joint ex

On June 7, the Ministry of Commerce, China, stated that it has approved a certain number of compliant applications under the law related to rare earth export control measures. It will continue to strengthen the approval of compliant applications. China is willing to further strengthen export control communication and

On June 4, the European Commission adopted the first list of 13 Strategic Projects on strategic raw materials located outside the EU, including in overseas countries and territories. The projects will diversify the EU’s supply sources and enhance economic security, while also promoting local value creation in third c