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Rare earth
Niron Magnetics marks structural steel raising at new plant in Sartell, Minnesota
On September 10, Niron Magnetics, the company commercializing the world's only high-performance rare-earth-free permanent magnets, celebrated the structural steel raising at its new manufacturing facility in Sartell, Minnesota, representing the first commercial-scale step of Niron's staged manufacturing platform.
The
Honda invests in U.S. rare-earth-free company Niron Magnetics
On September 9, U.S.-based Niron Magnetics, commercializing the world's first rare-earth-free Iron Nitride permanent magnets, announced an investment from Honda Motor Co., Ltd., through its global open innovation program, Honda Xcelerator Ventures.
The investment builds on expectations for innovative, next-generation
Solvay, Belgium, discusses partnership for rare earths business with One Investment Management
On September 8, Solvay announced that it is currently engaged in discussions regarding a potential strategic partnership with One Investment Management (OneIM) for its rare earths business. There can be no certainty at this stage that these discussions will result in any agreement or transaction. OneIM is a global al
Nexon Geochem announces technical validation of Indian-origin raw materials for NdFeB permanent magnets
On August 27, Nexon Geochem, in a social media post, announced the successful technical validation of Indian-origin raw materials for NdFeB permanent magnets. Nexon Geochem is an advanced materials company building India’s fully integrated rare-earth value chain. The successful testing of the first batch will allow N
Aramco and Maaden announce joint venture for mineral exploration in Saudi Arabia
On August 18, Aramco and Maaden signed a shareholders’ agreement to form a Joint Venture (JV) to unlock new opportunities in mineral exploration and hard-rock mining in the Kingdom of Saudi Arabia. The JV would focus on copper and other minerals critical to the energy transition.
The JV is expected to be owned 51% by
Government of India opens technical bids for indigenous rare earth permanent magnet plants
On August 13, the Ministry of Heavy Industries received 20 bids under its INR 72.80 billion scheme to set up integrated sintered NdFeB rare‑earth permanent magnet (REPM) plants in India. Technical bids were opened on August 13, 2026. The bidders include 20 Microns, Attero Recycling, Coal India, Larsen & Toubro, Lohum
IAA Transportation 2026: AEM, UK, to present next-generation heavy-duty HDRM motor
On August 11, Advanced Electric Machines (AEM) announced that it will present Titan, its heavy-duty electric motor technology, at IAA Transportation 2026. It will present a detailed 3D concept of the new motor. The first samples will arrive in the third quarter of 2027. It is developed specifically for heavy-duty, co
EU introduces new rules on end-of-life treatment of vehicles
On August 12, the European Commission announced that the new End-of-Life Vehicles (ELV) Regulation enters into force on August 13, 2026. The rule will govern the design, production, collection, and end-of-life treatment of vehicles. It will increase the recovery and reuse of valuable materials. They will also help se
YASA, UK, launches Project Resilience to develop rare-earth-free electric motors for future EVs
On August 11, YASA launched Project Resilience, a program to develop rare-earth-free and heavy-rare-earth-free axial flux motors for future electric and hybrid vehicles.
Supported by UK Government funding through the DRIVE35 programme, the project will explore two technologies aimed at reducing the use of rare-earth
Niron receives USD 150 million U.S. government loan for rare-earth-free magnets
On August 7, Niron Magnetics announced a commitment from the Department of War's Office of Strategic Capital for a USD 150 million loan with a 20-year term to support construction and equipment for an advanced manufacturing plant in Sartell, Minnesota.
The financing would accelerate domestic production of Niron's pro
South Korea’s POSCO partners with Australia’s Meteoric Resources to secure rare earth feedstock and build supply chain
POSCO International, the trading arm of South Korea’s POSCO Group, has signed a memorandum of understanding (MOU) with Australian rare earth developer Meteoric Resources to secure stable supplies of rare earth feedstock and build a supply chain. POSCO International plans to procure intermediate rare earth materials p
Indian Government extends bid submission timeline for rare earth magnet manufacturing scheme
On July 29, the Ministry of Heavy Industries (MHI) of India extended timelines for the global tender under the scheme to promote manufacturing of sintered rare earth permanent magnet (REPM). The Bid Due Date has been extended from July 29, 2026, to August 12, 2026, while the opening of Technical Bids has been resched
Energy Fuels begins construction of U.S. heavy rare earth processing facility
Energy Fuels has started construction on an expansion of its White Mesa Mill in Utah to enable commercial-scale production of heavy rare earth oxides, including terbium and dysprosium, which are essential for permanent magnets used in electric vehicles, robotics, data centers, renewable energy and defense application
LOHUM, India, and CSIR-IMMT sign MoU for rare-earth magnet manufacturing technology
On July 27, LOHUM and the Council of Scientific and Industrial Research–Institute of Minerals and Materials (CSIR-IMMT) signed a memorandum of understanding (MoU) to jointly develop technology for producing metallised neodymium-praseodymium, the material at the core of high-performance rare-earth permanent magnets. U
Government of India to launch eighth auction tranche for 20 critical mineral blocks
On July 15, the Ministry of Mines launched the eighth tranche of auctions for critical and strategic mineral blocks, offering 20 blocks across nine states as part of India’s push to secure key resources for clean energy and advanced manufacturing. The new tranche includes 13 newly identified blocks and seven blocks r
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