[Update] MP Materials: $58.5 Million Award to Advance Rare Earth Magnet Facility
The project is the first fully-integrated factory in the U.S. Production is set to start in 2025.
The project is the first fully-integrated factory in the U.S. Production is set to start in 2025.
Government could block projects based on national security reasons. Foreign companies must give advance notice before investing in strategic sectors.
Belfast plant targeted to produce ten tons of oxides annually from recycled rare earth magnets.
The bloc will also be attentive to deep-sea mining developments.
The largest single expenditure in the sector, aimed at bolstering the domestic semiconductor industry.
Loans aim to bolster Western supply chains of critical minerals but are tied to environmental approvals.