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

Lithium iron phosphate (LFP) batteries are expected to take the largest market share in the next 10 years, driving the need for more pricing transparency across the chemistry’s supply chain

South Korea plans to reduce its reliance on countries such as China when it comes to sourcing materials - including critical minerals such as graphite and rare earths - to avoid potential supply chain disruptions.

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

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.

Spot lithium prices in China continued on a precipitous downtrend, with battery-grade lithium carbonate prices trending below 100,000 yuan per tonne over the week to Thursday December 7, following increased volatility in the futures market and muted demand

The Fastmarkets Battery Cost Index provides a monthly modelled-cost tracker for various NCM and LFP cells across different countries

Spot lithium prices in China further extended losses over the week to Thursday November 30, depressed by continuous weakness in the futures market and tepid spot demand

The UK government’s Department for Business and Trade (DBT) will consider all scenarios before a 10% import tariff on electric vehicles and their battery materials comes into effect on January 1 next year, it told Fastmarkets on Wednesday November 29

Fastmarkets presents the key discussion topics across the battery raw materials sector ahead of Fastmarkets’ China Battery Raw Materials conference taking place in Shanghai on December 6-7