While the United States once again made headlines in the first half of the week with initiatives to build Western supply chains, raw materials giant China returned from its holiday break with a striking announcement: export restrictions on rare earths were tightened once more and extended to more elements of this group. Pressure on global supply is therefore likely to increase further.
In addition, together with the commodity trader TRADIUM, we have published our market report for the third quarter.
U.S. Government Takes Stake in Another Mining Company
The U.S. government is investing nearly $36 million in the further development of a mineral project in Alaska and in the mining companies behind it—Trilogy Metals, South32, and their joint venture Ambler Metals. As part of the collaboration, the Pentagon will receive around a 10 % stake in Trilogy Metals. At the same time, the White House has ordered the long-pending approval of a planned access road to the remote mining area.
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Mine to Magnet: Lynas and Noveon Join Forces for U.S. Supply Chain
Lynas, the largest producer of rare earths outside China, plans to partner with Noveon Magnetics, a U.S. manufacturer of rare-earth magnets. The goal is to strengthen the U.S. value chain to supply both civilian and military industries.
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China Tightens Rare Earth Export Rules
China has further tightened its export regulations for rare earths and related technologies. The new rules now also cover products manufactured abroad. The export restrictions introduced in April for certain rare earth elements are thereby being clarified. At the same time, the Ministry of Commerce announced that it will expand the export control list to include holmium, erbium, thulium, europium, and ytterbium.
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USA Strengthens Industry – China Continues to Set the Pace: TRADIUM Market Report Q3/2025
A still-tight supply situation, record highs in precious metals, and a strategic move by the U.S. with potentially far-reaching consequences: the raw materials markets have been very active in the third quarter of 2025. In collaboration with the raw materials trader TRADIUM, we have summarized the key events and analyzed their impact on global supply chains.
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