The U.S. Government has signed a Memorandum of Understanding with the Government of Mongolia on Tuesday, to collaborate on critical minerals. The two countries will work together to make supply chains more secure and resilient.
The Chinese government has unveiled a $72 billion tax break package for the sales of new energy vehicles including electric vehicles from 2024 through 2027. The People’s Republic aims to accelerate the growth of its NEV sector and promote sales.
Lynas on Monday provided an update on progress in the construction of its rare earth processing plant in Kalgoorlie, Western Australia. Production is now expected to begin in August, the mining group said in a press release, citing a shortage of staff and the late delivery of equipment for delays.
In the latest edition of the biannual Renewable Energy Country Attractiveness Index (RECAI), Ernst & Young sees Germany overtaking China and securing second place for the first time in a decade. EY cites the reduction on Russian imports of fossil fuels and the German target of reaching 80 percent renewables in its energy mix as reasons.
American aerospace and defense corporation Lockheed Martin and fellow American chipmaker GlobalFoundries have announced a strategic partnership to secure a domestic supply chain for chips in national defense systems. The two companies will expand on GlobalFoundries technologies to advance chip production in the U.S.
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