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

On November 3, Vulcan Elements and ReElement Technologies announced a USD 1.4 billion partnership with the U.S. government to scale their 100% vertically-integrated, domestic rare earth magnet supply chain, with a focus on recycling end-of-life magnets and electronic waste.
With a USD 620 million Direct Loan from the

On November 10, 2025, Lohum Cleantech inaugurated India’s first integrated rare earth element (REE) magnet production facility in Uttar Pradesh, with an investment of INR 5 billion and a production capacity of 2,000 metric tonnes.
India’s demand for rare earth magnets stands at 4,000 tonnes in 2025 and is expected t

On November 6, the President of the Republic of Uzbekistan signed several documents with the US Secretary of Commerce. They signed an agreement on cooperation in the production of rare earth elements between the Ministry of Geology and Denali Exploration Group. 
They also signed an agreement on cooperation in the imp

On November 4, Modal Motors announced it has closed the first tranche of a USD 2 million seed funding round to support manufacturing of its electric motors at facilities in Michigan. The company makes non-rare-earth hub motors, drone propulsion systems and robotic actuators.
The funding will enable Modal Motors to mo

On November 1, Whitehouse.gov. announced the details of accords reached in the summit between President Donald Trump and President Xi Jinping on October 30, in their first face-to-face meeting of Trump’s second term, that will serve to tamp down stresses placed upon the global trading system by the two world superpow

In an investor update for FY 2026 Q2, TVS Motor Company highlighted a persistent supply chain challenge in its electric vehicle business, stressing that global shortages of EV motor magnets are limiting growth for models like the iQube and new product launches. It addressed the industry-wide bottleneck, stating that

On October 30, multiple sources reported that the spokesperson of the Ministry of External Affairs, in a press conference, stated that some Indian companies have received licences for importing rare earth magnets from China.
The sources reported that DE Diamond, Hitachi, Continental India, and Jay Ushin received an i

On October 30, FEV partnered with the Teaching and Research Area Mechatronics in Mobile Propulsion (MMP) at RWTH Aachen University to develop a modular concept for electric drive units.
They have developed new concept that uses a design with a common stator, housing, cooling system, and converter, with interchangeab

On October 22, Pensana Plc signed memorandum of understanding (MoU) with Vacuumschmelze GmbH & Co. KG (VAC), a leading manufacturer of advanced magnetic solutions, rare-earth permanent magnets, and inductive components.
VAC, through its eVAC Magnetics facility in South Carolina (eVAC), is strengthening domestic rare-

Nexperia was created in 2017 when NXP sold its Standard Products division to two Chinese investor Groups, JAC Capital and Wise Road Capital, for $2.75 billion. Towards the end of 2019, a Chinese electronics and computer equipment producer called Wingtech Technology acquired a controlling stake in Nexperia for $3.6 bi

On October 27, 2025, Thailand signed a memorandum of understanding (MoU) with the United States on critical minerals during the 47th ASEAN Summit in Kuala Lumpur. Members of the Democrat and People’s Parties warned of potential risks.
The Democrat Party deputy leader said rare earths like tungsten and tin are vital f