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Rare earth
Solvay, Belgium, and Viridis, Brazil, sign LoI for rare earth materials sourcing
On June 1, Solvay signed a letter of intent (LoI) with Viridis Mining and Minerals to secure a strategic supply of rare earth materials by 2028. Both companies will now work toward finalizing a definitive sourcing agreement. Viridis is expected to supply critical rare earth feedstocks from Brazil to Solvay’s La Roch
DR Congo adds Lithium to strategic minerals list, plans higher royalties
On May 31 and June 1, multiple sources reported that the Democratic Republic of Congo approved a decree adding lithium, tantalum, niobium, tungsten, uranium, and rare earth elements to its list of strategic minerals. In DR Congo, strategic minerals attract a royalty rate of 10% instead of the current 3.5% rate for no
GlobalData blog: Is the BEV world moving away from rare-earth magnets?
Since the early 2020s, the automotive industry has been reshaped by Battery Electric Vehicles (BEVs). Performance and usability continue to improve, but two constraints still steer market decisions: range anxiety and rising exposure to raw-material supply risk and geopolitics.
China remains the global center of gravi
Posco and ReElement Technologies to establish rare earth separation and refining JV in United States
Posco International, a trading company of the Posco Group of South Korea, has agreed with ReElement Technologies Corporation of the United States to establish a joint venture for the separation and refining of rare earths in the United States. The two companies plan to build a new rare earth separation and refining p
Ministry of Heavy Industries, India extends REPM scheme bid deadline
On May 15, the Ministry of Heavy Industries (MHI) extended the bid submission deadline for its global tender under the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets (REPM Scheme), citing demand from multiple stakeholders for additional time. The revised timeline is as follows: government re
China and Mozambique announce partnership for critical minerals
On April 25, multiple sources reported that Mozambique and China are partnering for critical minerals and rare earth metals. The two countries will deepen cooperation in the geological and mineral sectors by using platforms such as the China-Africa Geoscience Cooperation Centre and the Belt and Road International Geo
HyProMag opens rare earth magnet recycling plant in Germany
On April 28, HyProMag GmbH, a subsidiary of Mkango Resources Ltd., officially opened its rare earth magnet recycling and manufacturing plant in Pforzheim, Germany. The Pforzheim plant uses patented Hydrogen Processing of Magnet Scrap (HPMS) technology, developed at the University of Birmingham and exclusively licens
Rare Earths Americas launches initial public offering on NYSE
On April 28, Rare Earths Americas, Inc., a critical minerals company with heavy rare earths focused projects in the U.S. and Brazil, announced the launch of its initial public offering (IPO) of its common stock, listed on the NYSE American LLC under the ticker symbol "REA."
The offering consists of approximately 2.8
Rocklink India opens lithium-ion battery and rare earth magnet recycling plant
On April 23, 2026, Rocklink India Pvt. Ltd., a wholly owned subsidiary of Germany-based Rocklink Group, established its first integrated recycling facility at UPSIDC Industrial Area, Sikandrabad, Uttar Pradesh. The facility has an initial lithium-ion battery recycling capacity of 10,000 tonnes per year and a rare ear
Rare Earths Americas announces registration filing for IPO
On April 14, Rare Earths Americas, Inc., a critical minerals company advancing a portfolio of heavy rare earth projects in the U.S. and in Brazil, announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed underwritten initial public
Government of India invites bids for 6,000 MTPA rare earth permanent magnet capacity
On April 7, the Ministry of Heavy Industries (MHI) hosted a pre-bid conference for its scheme to promote the manufacturing of sintered rare earth permanent magnets, drawing participation from at least 25 companies. The scheme, with a total outlay of INR 72.8 billion, invites bids for setting up 6,000 MTPA of integrat
Germany participates in Australia's Nolans project for critical rare earth elements
On April 1, the German Federal Ministry for Economic Affairs and Energy announced that it is contributing up to EUR 50 million through its Raw Materials Fund to the Nolans Project of the Australian company Arafura Rare Earths Ltd. in the Northern Territory.
The project focuses particularly on the rare earth elements
Government of India targets 5,000 tonne rare earth magnet capacity
On March 25, the Department of Atomic Energy announced its plans to scale domestic production capacity of rare earth permanent magnets to 5,000 tonnes a year by 2030, up from an operational samarium‑cobalt plant capacity of 500 tonnes today, as part of a broader push on critical minerals, including lithium. The curre
U.S. and Japan announce new initiatives after Washington D.C. meeting
On March 19, President Donald Trump received Japan Prime Minister Sanae Takaichi at the White House where they announced new initiatives.
Following the first tranche of three major Japanese investments worth USD 36 billion under the 2025 U.S.-Japan Strategic Trade and Investment Agreement announced in February 2026,
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