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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
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
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
On January 6, China’s Ministry of Commerce (MOFCOM) announced strengthening of export controls on Japan-bound dual-use items in response to recent erroneous remarks made by the Japanese Prime Minister on China’s Taiwan region.
Dual-use items refer to goods, technologies, and services that could be used for either civ
In an investor update, Suprajit Engineering Limited updated that US tariff issues and China’s rare earth export restrictions remain unresolved, posing trade risks, while vehicle launches in its Suprajit Controls Division (SCD, excluding SCS) have been postponed or shelved, creating further uncertainty. Its restructur
On December 12, the European Commission welcomed a provisional agreement between the European Parliament and the Council on new rules for end-of-life vehicles (ELVs). The regulation covers how vehicles are designed, produced, and recycled at the end of their life. Better collection, dismantling, and recycling will he
On December 10, Ford acknowledged that its Chinese rare-earth magnet suppliers were included in the first batch of new export licenses issued by Beijing to boost shipments and reduce shortages of the vital components.
The so-called general licenses were agreed after Presidents Xi Jinping and Donald Trump met in S
On December 3, the European Commission adopted the RESourceEU Action Plan to strengthen and accelerate efforts to secure the EU’s supply of critical raw materials, including rare earth elements, cobalt, and lithium.
Building on the Critical Raw Materials Act (CRMA), the initiative provides financing and concrete tool
On December 1, 2025, MiniMines Cleantech Solutions signed an MoU with the Karnataka government’s Department of Electronics, IT, and Biotechnology to set up an INR 3.5 billion giga critical minerals refining complex in Bengaluru. The first phase is planned with a refining capacity of 15,000 MTPA, targeting about 13,40
On November 21, the U.S. Office of Strategic Capital (OSC) announced a joint USD 700 million conditional loan commitment for Vulcan Elements and ReElement Technologies to increase domestic Neodymium Iron Boron (NdFeB) magnet production and significantly bolster U.S. critical minerals supply chains.
The two loan porti
On November 26, the Union Cabinet of India approved the 'Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets'. It aims to establish 6,000 metric tons per annum (MTPA) of integrated Rare Earth Permanent Magnet (REPM) manufacturing in India. The total financial outlay of the scheme is INR 72.8 bill
On November 20, Niron Magnetics announced that its CEO, Jonathan Rowntree, had testified before the U.S. House Select Committee and presenting the company's breakthrough Iron Nitride magnet technology as a solution to reducing America's critical dependence on rare earth materials. The company’s proprietary magnet tec
On November 22, the UK Government announced the UK’s new Critical Minerals Strategy. The strategy is backed by up to GBP 50 million in new funding. It aims to reduce the UK’s overreliance on imports of critical minerals by ramping up domestic production. It will ensure no more than 60% of the UK’s supply of any one c
On November 18, rare-earth magnet company Vulcan Elements announced it will invest USD 912 million to expand its factory in Benson, North Carolina, as U.S. companies look to compete with China over rare-earth dominance.
Vulcan Elements opened the facility in Benson in the Research Triangle Park to manufacture Neodymi
On November 18, 2025, the Ministry of Science & Technology announced that researchers led by the Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR), Bengaluru, have discovered a new form of magnetism in the rare-earth compound neodymium nitride (NdN). This breakthrough, published in ACS Nano, finds tha
On November 12, Solvay announced an agreement with Permag (US) and Less Common Metals - LCM (UK) to secure a reliable supply of rare earth materials. Through this partnership, Permag, a global leader in high-performance magnetic solutions, now has a steady and reliable supply of Samarium, a key material used in advan
On November 12, Solvay and Noveon Magnetics announced a supply agreement for light and heavy rare earth materials. Under the agreement, Solvay will supply Noveon with rare earth oxides starting in 2026. The partnership is a significant step toward establishing a sustainable supply chain for rare-earth permanent magne
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