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
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
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
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
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
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
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
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
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
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
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
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
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,
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
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
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