Once again this week, Brazil’s mineral wealth attracted international attention. This time, it is Lynas, the largest rare earth producer outside China, that is seeking to secure access. At the same time, the company is further expanding its role in alternative supply chains — this time as a supplier to a South Korean company. In Vietnam. – Find the details in our roundup.
Rare Earth Export Controls: China Confirms Extension of Trade Arrangements With U.S.
After last week’s Trump-Xi summit, it appeared that China’s additional rare earth export controls could remain suspended for another two months. A further indication has now come from China.
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Lynas Eyes Major Rare Earth Deposit in Brazil
Lynas plans to significantly expand its resource base by acquiring Meteoric Resources. Meteoric controls the Caldeira project in Brazil, which contains large quantities of both light and heavy rare earth elements. Several potential buyers have already shown interest in parts of the planned production. However, the agreements are not yet binding, and it remains unclear whether they would be implemented in their current form following a takeover by Lynas.
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Not Just Rare Earths: Hertha Aims to Close Gap in NdFeB Magnet Supply Chain
When it comes to rare-earth magnets, neodymium, praseodymium and dysprosium tend to take center stage. Yet NdFeB magnets also consist largely of high-purity iron – and this is where the US supply chain still has a gap. Hertha Metals aims to close it with a new production facility in Texas and has raised $133.65 million for the project. New procurement rules from the US Department of Defense provide additional momentum.
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LS Eco Energy Plans to Produce Samarium in Vietnam
South Korean company LS Eco Energy plans to build a samarium metal production facility in Vietnam, with an annual capacity of around 240 tonnes. At a later stage, metal production is expected to be expanded to dysprosium, terbium and neodymium-praseodymium. The raw material is to be supplied by Australian rare-earth producer Lynas.
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Pentagon Backs Tungsten Project in Cornwall
The U.S. Department of Defense is set to provide more than $9 million for the Redmoor tungsten project in Cornwall, UK. The deposit also contains copper and tin. The funding will support further drilling and feasibility studies, among other work. Project developer Cornwall Resources says it is also discussing potential links to U.S. supply chains and offtake agreements.
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