This week, domestic critical mineral supply chains in the United States made progress, with the Army investing in an antimony project and USA Rare Earth accelerating the magnet supply chain. Meanwhile, in Europe, Ionic Rare Earths aims to accelerate the recycling of rare earth magnets through a new partnership.
U.S. Army Invests in Domestic Antimony Supply Chain
The U.S. Army has pledged funding to mining company Perpetua Resources. The goal is to assess whether Perpetua’s future Stibnite mine can supply material that meets military standards for producing antimony trisulfide, a critical compound used in various types of ammunition and advanced weapons systems. China, the world’s leading producer, banned exports of antimony to the U.S. at the end of last year.
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USA Rare Earth and PolarStar Magnetics Cooperate on Domestic Magnet Production
USA Rare Earth and magnet maker PolarStar Magnetics have signed a Memorandum of Understanding to advance the domestic production of neodymium magnets, or NdFeBs. Under the agreement, both companies aim to deliver magnets manufactured entirely in the United States to strategic sectors, including aerospace and defense. Currently, over 90% of the global rare earth magnet production capacity is located in China.
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Ionic Signs MoU to Expand Rare Earth Magnet Recycling
Ionic Rare Earths has signed a Memorandum of Understanding with scrap metal company European Metal Recycling (EMR) to accelerate rare earth magnet recycling. Under the agreement, the two companies will work together to recover magnets from end-of-life products, potentially supplying feedstock for Ionic’s UK-based subsidiary and its recycling facility currently under development in Belfast, Northern Ireland.
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Shortening Supply Chains: Lynas to Process Rare Earths From Malaysia
The Australian rare earths producer Lynas aims to diversify its raw material sources and streamline its supply chains. In the company’s refinery in Malaysia, locally sourced material is set to be processed in the future. Until now, the rare earths refined there have come from Lynas’ mine in Australia.
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