MP Materials to build new $1.25B magnet plant in Texas
The campus is expected to contribute to the company’s total production capacity of approximately 10,000 metric tons of NdFeB magnets a year.
Latest Stories
Fire causes Eramet to halt Senegal mineral sands output from end of March
Company has declared force majeure for contracts and suspended guidance for 2026 production.
Rare earth shortages worsen in US aerospace, chips despite trade truce
The shortages center on rare earths such as yttrium and scandium.
Lithium prices jump after Zimbabwe bans concentrate exports
The African nation accounted for about 10% of the world’s mined lithium last year.
Panama growth hinges on Cobre Panama restart: Report
Business leaders warn growth could slow sharply if First Quantum’s copper mine remains shut through 2027.
Chile moves to fast-track new lithium deals
Regulatory hurdles and political tensions shape Chile’s bid to lift output to 430,000 tonnes by 2034.
Core Lithium sells stockpile to Glencore, eyes Finniss restart
The miner shuttered Finniss in early 2024, when it began operating at a loss as prices for lithium sank.
BlueScope says revised $10.7B offer does not address valuation concerns
BlueScope's board said it remains open to a transaction at a price that reflects "fair value."
Lynas posts best interim profit in three years, still misses estimates
A spate of power failures at the Kalgoorlie plant resulted in a notable production slump and higher cost of sales.