The U.S. government is supporting new technologies to restore domestic production of the critical raw material after nearly 40 years.

The European Union is stepping up efforts to secure strategic resources by pooling demand across member states.

New funding programs aim to accelerate domestic supply chains and reduce reliance on foreign sources.

Media reports indicate a potential agreement with France and participation in India’s state-backed rare earth magnet program.

Europe could improve access to critical raw materials.

Washington’s latest effort to reduce reliance on Chinese supplies.