Vulcan Elements, a North Carolina startup determined to revitalize U.S. production of rare earth magnets, has chosen Johnston County as the site of its first major factory. The N.C. Department of ...

GM signed a binding agreement with German magnet maker Vacuumschmelze, calling for the latter to build a factory in North America. Vacuumschmelze’s facility will supply GM with rare earth permanent ...

Prices of two key rare earths used in high-strength magnets have jumped to the highest point in 2 years after US-based miner MP Materials halted exports of raw materials to China, the world’s top ...

Apple is investing $500 million in MP Materials, a US producer of rare earth magnets. News of the deal sent MP Materials' stock price soaring more than 25% Tuesday. The move also sends a message to ...

(Reuters) -General Motors has entered into a multi-year deal under which Noveon Magnetics will supply rare earth magnets for use in components of the automaker's full-size SUVs and trucks, the magnet ...

The Defense Department will buy $400 million of preferred stock in MP Materials. MP Materials owns the only operational rare earth mine in the U.S. at Mountain Pass, California. It will build a second ...

Magnet makers squeezed by export curbs and weak Chinese economy Exports made up as much as 50% for some major magnet makers' sales in 2024 Recovery from export slump may be slow, even with deal to ...

French chemical company Solvay (OTCPK:SVYSF) (OTCPK:SLVYY) reached two agreements to supply rare earth oxides to U.S. magnet makers Noveon Magnetics and Permag, Reuters reported Wednesday; financial ...

Detroit — The venture capital arms of General Motors Co. and Stellantis NV are among investors sinking $33 million into a Minnesota company with technology to make magnets for electric vehicle motors ...

By removing rare earths from the equation, these designs promise cleaner supply chains and more sustainable production.