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Rare earth
South Korea to strengthen critical mineral supply chain cooperation with five Central Asian countries
South Korea’s Ministry of Trade, Industry and Resources announced that it will strengthen supply chain cooperation in critical minerals and other areas with five Central Asian countries—Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan—following the first Korea-Central Asia Summit held in Seoul from Se
South Korean government announces plans for designation and stockpiling of critical minerals
The South Korean Ministry of Trade, Industry and Resources announced on September 23 that it has finalized the First Basic Plan for Resource Security, the Critical Mineral Designation Plan, and the First Critical Mineral Stockpiling Plan.
Under the First Basic Plan for Resource Security, the government will provide f
South Korea’s Ministry of Climate, Energy and Environment to establish recycling system for rare-earth permanent magnets
South Korea’s Ministry of Climate, Energy and Environment has agreed with the Korea Environment Corporation, Hyundai Motor Company, and the Korea Automobile Dismantling and Recycling Association to conduct a pilot project aimed at establishing a domestic recycling system for rare-earth permanent magnets contained in
Niron Magnetics marks structural steel raising at new plant in Sartell, Minnesota
On September 10, Niron Magnetics, the company commercializing the world's only high-performance rare-earth-free permanent magnets, celebrated the structural steel raising at its new manufacturing facility in Sartell, Minnesota, representing the first commercial-scale step of Niron's staged manufacturing platform.
The
Honda invests in U.S. rare-earth-free company Niron Magnetics
On September 9, U.S.-based Niron Magnetics, commercializing the world's first rare-earth-free Iron Nitride permanent magnets, announced an investment from Honda Motor Co., Ltd., through its global open innovation program, Honda Xcelerator Ventures.
The investment builds on expectations for innovative, next-generation
Solvay, Belgium, discusses partnership for rare earths business with One Investment Management
On September 8, Solvay announced that it is currently engaged in discussions regarding a potential strategic partnership with One Investment Management (OneIM) for its rare earths business. There can be no certainty at this stage that these discussions will result in any agreement or transaction. OneIM is a global al
Nexon Geochem announces technical validation of Indian-origin raw materials for NdFeB permanent magnets
On August 27, Nexon Geochem, in a social media post, announced the successful technical validation of Indian-origin raw materials for NdFeB permanent magnets. Nexon Geochem is an advanced materials company building India’s fully integrated rare-earth value chain. The successful testing of the first batch will allow N
Aramco and Maaden announce joint venture for mineral exploration in Saudi Arabia
On August 18, Aramco and Maaden signed a shareholders’ agreement to form a Joint Venture (JV) to unlock new opportunities in mineral exploration and hard-rock mining in the Kingdom of Saudi Arabia. The JV would focus on copper and other minerals critical to the energy transition.
The JV is expected to be owned 51% by
Government of India opens technical bids for indigenous rare earth permanent magnet plants
On August 13, the Ministry of Heavy Industries received 20 bids under its INR 72.80 billion scheme to set up integrated sintered NdFeB rare‑earth permanent magnet (REPM) plants in India. Technical bids were opened on August 13, 2026. The bidders include 20 Microns, Attero Recycling, Coal India, Larsen & Toubro, Lohum
IAA Transportation 2026: AEM, UK, to present next-generation heavy-duty HDRM motor
On August 11, Advanced Electric Machines (AEM) announced that it will present Titan, its heavy-duty electric motor technology, at IAA Transportation 2026. It will present a detailed 3D concept of the new motor. The first samples will arrive in the third quarter of 2027. It is developed specifically for heavy-duty, co
EU introduces new rules on end-of-life treatment of vehicles
On August 12, the European Commission announced that the new End-of-Life Vehicles (ELV) Regulation enters into force on August 13, 2026. The rule will govern the design, production, collection, and end-of-life treatment of vehicles. It will increase the recovery and reuse of valuable materials. They will also help se
YASA, UK, launches Project Resilience to develop rare-earth-free electric motors for future EVs
On August 11, YASA launched Project Resilience, a program to develop rare-earth-free and heavy-rare-earth-free axial flux motors for future electric and hybrid vehicles.
Supported by UK Government funding through the DRIVE35 programme, the project will explore two technologies aimed at reducing the use of rare-earth
Niron receives USD 150 million U.S. government loan for rare-earth-free magnets
On August 7, Niron Magnetics announced a commitment from the Department of War's Office of Strategic Capital for a USD 150 million loan with a 20-year term to support construction and equipment for an advanced manufacturing plant in Sartell, Minnesota.
The financing would accelerate domestic production of Niron's pro
South Korea’s POSCO partners with Australia’s Meteoric Resources to secure rare earth feedstock and build supply chain
POSCO International, the trading arm of South Korea’s POSCO Group, has signed a memorandum of understanding (MOU) with Australian rare earth developer Meteoric Resources to secure stable supplies of rare earth feedstock and build a supply chain. POSCO International plans to procure intermediate rare earth materials p
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