Under the partnership, Vulcan Elements will build and operate a 10,000-metric-ton magnet production facility in the U.S.

The deal with Vulcan Elements and ReElement Technologies is a strong sign the Pentagon is intent on building a supply chain ...

Two U.S startups have secured a $1.4 billion deal with the Trump administration and private investors to build a fully domestic rare earth magnet supply chain.

Partnership to Deliver Sustainable Supply of Rare Earth Permanent Magnets to U.S. Defense and Commercial Sectors SAN MARCOS, Texas, Oct. 8, 2025 /PRNewswire/ -- Noveon Magnetics, the only operational ...

The U.S. Department of Commerce would receive a $50 million equity stake in RTP-based Vulcan Elements, which would produce up ...

This story has been updated to correct the amount of the loan to ReElement Technologies, which is $80 million. The Trump ...

After Beijing exerted its power over the valuable magnets as leverage, other countries started to add production, but only incrementally. And China is far ahead. After Beijing exerted its power over ...

Oct 8 (Reuters) - Australia's Lynas Rare Earths (LYC.AX), opens new tab has partnered with U.S.-based manufacturer Noveon Magnetics to supply rare earth permanent magnets to defence and commercial ...

Magnet makers face longer license reviews, sources say Scrutiny is similar to April, at height of U.S.-China trade war China's rare earth exports dropped 31% in September BEIJING, Oct 14 (Reuters) - ...

Niron Magnetics has broken ground on a new state-of-the-art 1,500-ton-per-year permanent magnet manufacturing facility in Sartell, Minnesota. After nearly a decade of research and development in ...

China controls roughly 80% of global rare earth magnet production and has recently tightened export controls, reshaping global supply dynamics. EU imports of Chinese magnets rose 21% in August, while ...