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Rare earth
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,
Government of India panel flags gaps in EV incentives, PLI rollout and battery capacity
On March 11, 2026, the Rajya Sabha Standing Committee on Industry said only 1,656,335 EVs had been incentivised under PM E‑DRIVE as of 31 January 2026, about 58.6% of the revised 2,826,634 target, with e‑trucks, e‑buses, and e‑ambulances still at zero and e‑rickshaws/e‑carts at just 3,602 units versus a 39,034 target
Russia announces subsidy for producers of products containing rare and rare-earth metals
On February 9, the Russian Ministry of Industry and Trade announced a subsidy as part of the implementation of the federal project "Development of the Rare and Rare Earth Metals Industry," which is part of the national project "New Materials and Chemistry." The decision allows subsidies for Russian producers of comme
RWTH University, Germany joins NAFTech project to develop rare-earth-free electric motor
On February 9, the Chair of Production Engineering of E-Mobility Components (PEM) at RWTH Aachen University has entered the two-year “NAFTech” research project funded by the German Federal Ministry for Economic Affairs and Energy. PEM will develop a traction electric motor that does not rely on rare-earth elements.
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Government of India ramps up exploration and mining of rare-earth minerals
On February 3, 2026, the Minister of Coal and Mines informed the Rajya Sabha that India is stepping up exploration, mining, and value addition of rare-earth minerals. The Atomic Minerals Directorate for Exploration and Research (AMD), a constituent unit of the Department of Atomic Energy, is conducting exploration al
Trump announces USD 12 billion U.S. stockpile of critical minerals
On February 2, U.S. President Trump announced that the U.S. is creating a USD 12 billion stockpile of critical and rare earth minerals for non-military civilian purposes in an effort to slash reliance on Chinese rare earths and curb Beijing’s leverage in trade talks.
"Today we're announcing the creation of the U.S. s
Budget 2026: Government on India extends EV battery localization, critical minerals for India’s mobility future
On February 1, 2026, the Union Finance Minister of India in the Budget 2026-27 announced measures to strengthen India's electric mobility, electronics and energy transition value chains. The Budget extended basic customs duty exemption on capital goods used for manufacturing lithium-ion cells for batteries, supportin
Lucid to drop magnet supplies from China, source in Saudi Arabia in 2026
On January 23, Lucid Motors interim CEO Marc Winterhoff said his company plans to eliminate China from its magnet supply chain this year and is seeking to build ties with Saudi Arabian rare earth suppliers instead.
“We are well underway to move completely away from China in 2026, and we welcome additional sources” of
Ionic Technologies, Northern Ireland secures UK Grant for magnet recycling plant
On January 27, Ionic Rare Earths Limited (IonicRE) wholly owned subsidiary Ionic Technologies received GBP 12 million capital grant from the UK Government’s DRIVE35 program to support its planned magnet recycling plant in Belfast, UK, with a capacity of 400 tonnes per year.
DRIVE35 supports the industrialisation of
Mkango Resources, Canada opens UK’s first rare earth magnet recycling and production facility
On January 15, Mkango Resources Ltd., Canada, opened a rare earth magnet recycling and production facility at Tyseley Energy Park in Birmingham, UK. The facility was developed by the Magnetic Materials Group (MMG) at the University of Birmingham, UK, and built with HyProMag Limited, which operates the site using pate
CES 2026: Matter Motor Works, India and Niron Magnetics collaborate on rare-earth-free variable flux motor for electric motorcycles
On January 7, 2026, Niron Magnetics announced a collaboration with Matter Motor Works to integrate Iron Nitride magnet technology and Variable Flux Motor (VFM) designs into Matter's electric motorbike products. The collaboration brings together Matter's liquid-cooled powertrains, in-house gearboxes and intelligent ve
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