MP Materials Sales and Profits Decline
Revenues for rare earth oxides dropped in the first quarter.
MP Materials Sales and Profits Decline
Economy
Japan and S. Korea Announce Resumption of Finance Ministers’ Meeting
Japan and S. Korea Announce Resumption of Finance Ministers’ Meeting
The announcement comes ahead of the first visit to South Korea by a Japanese premier since 2018. The two neighbors aim to normalize relations and agree to resume economic cooperation.
Australian Strategic Materials to Source Rare Earths From Vietnam
Australian Strategic Materials to Source Rare Earths From Vietnam
Agreement signed with Vietnam Rare Earth Company. Further processing is to take place in South Korea.
Rio Tinto Expands Rare Earths Branch
Rio Tinto Expands Rare Earths Branch
The Anglo-Australian metals and mining corporation will acquire the high-grade scandium resource Platina Scandium Project in New South Wales from Platina Resources Limited for $14 million.
Bosch Plans to Acquire US Chip Manufacturer TSI Semiconductors
Bosch Plans to Acquire US Chip Manufacturer TSI Semiconductors
Production in California is set to switch to silicon carbide semiconductors due to growing demand from the electric vehicle industry.
GM and Samsung SDI to Announce Joint EV Battery Plant in the U.S.
GM and Samsung SDI to Announce Joint EV Battery Plant in the U.S.
This would be the fourth planned venture into electromobility by the American automaker and a step towards its goal of producing 1 million electric vehicles annually by 2025.