A new heavy rare earth mineral was discovered in China's Bayan Obo district, in Baotou city of Inner Mongolia, according to the daily news released by the country's Baogang group

Rare earth magnet production looks set to advance in the US and Europe in 2024, with market participants outside of China seeking to secure and onshore the supply chain for magnets

China’s Ministry of Commerce has prohibited the export of rare earth magnet production technology and machinery by adding it to its list of Export Prohibited and Restricted Technologies

Rare earth magnets are becoming the lithium and cobalt of electric motors, playing a critical role in delivering power, torque, and efficiency, while production increasingly shifts toward Europe and the US to meet rising EV demand, comply with new sourcing rules, and strengthen supply security.

With China’s stringent implementation of its gallium export controls persisting through to the end of 2023 at least, 2024 looks set to become a make-or-break year for gallium market participants outside China

Legislation to implement a US production tax credit for rare earth magnets made domestically has been introduced in the US Senate with bipartisan backing, the proposing senators announced on Friday December 15

E-Vac Magnetics, US subsidiary of German magnet manufacturer VAC Group, announced plans on Thursday December 14 to build a sintered neodymium iron boron (NdFeB) rare earth magnet plant in the US city of Sumter, South Carolina

This recommendation, along with others like promoting domestic battery recycling and research funding for alternative battery chemistries, is part of a larger strategy to enhance US resilience in strategic areas

Rare earths have entered the spotlight with growing demand for renewable energy systems and electric vehicles (EVs). Listen to our recent interview as we take a deeper dive into the rare earths market

Australia’s Ionic Rare Earths is seeking investors and offtake partners for its Makuutu heavy rare earth project in Uganda, as well as sources of feedstock for its magnet recycling plant in Northern Ireland, Tim Harrison, the company's chief executive officer, told Fastmarkets in an interview.