On June 8, China’s Ministry of Commerce, in a social media update, stated that Commerce Minister Wang Wentao held a discussion with EU Commissioner for Trade and Economic Security Maroš Šefčovič in Paris, France on June 3.
Wang explained China’s export control policies to Šefčovič, emphasizing that implementing expor

On June 6, the External Affairs Minister of India, the ministers of Foreign Affairs of the Republic of Kazakhstan, the Kyrgyz Republic, the Republic of Tajikistan, Turkmenistan, and the Republic of Uzbekistan took part in the 4th meeting of the India-Central Asia Dialogue.
The Sides expressed interest in the joint ex

On June 7, the Ministry of Commerce, China, stated that it has approved a certain number of compliant applications under the law related to rare earth export control measures. It will continue to strengthen the approval of compliant applications. China is willing to further strengthen export control communication and

On June 4, the European Commission adopted the first list of 13 Strategic Projects on strategic raw materials located outside the EU, including in overseas countries and territories. The projects will diversify the EU’s supply sources and enhance economic security, while also promoting local value creation in third c

On June 4 at the UBS Auto and Auto Tech Conference, Ford’s Chief Financial Officer Sherry House talked about tariffs and supply chain disruptions that will impact in its Q2 earnings in July, but cautioned there are many unknowns that could make Ford's upcoming financials "a bit lumpy". 
On disruptions caused by expor

On June 4, the European Association of Automotive Suppliers (CLEPA) reported significant disruption in Europe’s automotive supply industry due to China’s recent export restrictions on rare earth elements and magnets. These restrictions have led to the shutdown of several production lines and plants across Europe, wit

On June 6, Suzuki announced that it secured supply of components of Swift hatchback, whose production has been suspended due to supply issue at Sagara plant.
The plant will resume production of Swift partially on June 13 and fully resume production from June 16.
The supply shortage has not affected the production of

On May 30, Reuters reported that global auto executives are sounding the alarm on an impending shortage of rare-earth magnets from China – used in everything from windshield-wiper motors to anti-lock braking sensors – that could force the closure of car factories within weeks.
In a previously unreported May 9 letter

On April 8, Solvay inaugurated its rare earths production line for permanent magnets at the La Rochelle facility. The investment in France enhances an established facility, the biggest plant outside China, capable of separating all rare earth materials. 
The permanent magnets are essential components in electric vehi

On February 3, President Donald Trump said his administration wants an agreement with Ukraine for that country suffering the devastation of war to offer access to its rare earths resources in return for aiding its defense against Russia.
“We’re looking to do a deal with Ukraine where they’re going to secure what we’r

On December 30, BMW i Ventures invested in Phoenix Tailings, a groundbreaking company focused on sustainable rare earth metal production. The investment is part of a Series B financing round led by Envisioning Partners, with additional contributions from Yamaha Motor Ventures and Escape Velocity. This funding will en

Neo Performance Materials Inc. announced that its subsidiary in Estonia, NPM Narva OÜ, won a contract to supply sintered rare earth magnets to a leading European Tier 1 supplier of EV traction motors. The sintered magnets will be supplied by Neo’s new manufacturing facility in Estonia, under its Magnequench segment.

MP Materials received USD 58.5 million in investment tax credits from the U.S. federal government for the construction of the first fully integrated rare earth magnet manufacturing facility in the country. Construction of the plant in Fort Worth, Texas began in April 2022. The company plans to begin commercial produc

South Korea's LS Eco Energy Ltd. announced that it signed a rare earth oxide purchase agreement with Vietnam's mining company, Hung Thinh Minerals. Having directly engaged with the mine owner, LS Eco Energy plans to quickly diversify its rare earth supply chain. LS Eco Energy will supply neodymium, dysprosium, and ot

China will halt the export of a range of rare-earth technologies, potentially making it harder for the U.S., and other western nations, to bolster domestic supplies of strategic raw materials.
Beijing put technology for making rare-earth metals and rare-earth magnets on a list of items cannot be transferred overseas,

On November 29, the Ministry of Mines launched the first tranche of e-auction of critical and strategic minerals. A total of 20 critical mineral blocks will be auctioned in the first tranche, out of which 16 mineral blocks are put up for grant of composite license and four mineral blocks for grant of mining lease. It

On September 12, Ionic Technologies announced it has received UK government investment to build a commercial rare earth magnet recycling facility in Belfast that will supply Ford's EV production facilities in the country.
"The project... is a strategically important step to secure the supply of sustainable rare earth

On July 24, the Ministry of Mines released a list of 30 critical minerals for India. 
These minerals are Antimony, Beryllium, Bismuth, Cobalt, Copper, Gallium, Germanium, Graphite, Hafnium, Indium, Lithium, Molybdenum, Niobium, Nickel, PGE, Phosphorous, Potash, REE, Rhenium, Silicon, Strontium, Tantalum, Tellurium, T

On July 6, Stellantis and NioCorp Developments Ltd. announced the signing of a Rare Earth Offtake Term Sheet that envisions a definitive agreement for a 10-year offtake contract for specific amounts of neodymium-praseodymium oxide, dysprosium oxide, and terbium oxide.
NioCorp aims to produce the minerals at its Elk C

On June 28, the European Commission announced that the first project that receives support from the Just Transition Fund (JTF), is launched in the city of Narva, in Estonia. The EU funding supports the construction of a factory producing rare earth magnets, which are magnets with the highest magnetic field strength.