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China’s gallium export control continues to squeeze market, despite higher December exports
The international gallium market remains under pressure from the export control China introduced on the metal in August 2023, despite higher exports from China in December, Fastmarkets heard in the week to Monday February 5
February 6, 2024
·
By Solomon Cefai, Nico Zhang
Insights
China Northern Rare Earth net profit falls over 60% amid falling RE prices
China Northern Rare Earth Group High Tech Co expects its net profit for 2023 to have decreased by 53.97-61%, the company announced on Monday January 29
February 1, 2024
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By the Fastmarkets team
Insights
A new heavy rare earth is discovered in China’s Bayan Obo region
A new heavy rare earth mineral was discovered in China's Bayan Obo district, in Baotou city of Inner Mongolia, according to the daily news released by the country's Baogang group
January 16, 2024
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By the Fastmarkets team
Insights
Rare earth magnet production outside Asia gearing up | 2024 preview
Rare earth magnet production looks set to advance in the US and Europe in 2024, with market participants outside of China seeking to secure and onshore the supply chain for magnets
January 10, 2024
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By the Fastmarkets team, Sofia Okun, Solomon Cefai
Insights
China adds technology, machinery for rare earth magnet production to prohibited export list
China’s Ministry of Commerce has prohibited the export of rare earth magnet production technology and machinery by adding it to its list of Export Prohibited and Restricted Technologies
December 21, 2023
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By Solomon Cefai, Caroline Messecar, the Fastmarkets team
Insights
Rare earth magnet market for EVs could be worth $5bn in Europe, US
The magnets are playing a crucial role in enhancing power, torque, and precision in electric vehicles
December 21, 2023
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By Caroline Messecar
Insights
A make-or-break year for non-Chinese gallium market | 2024 preview
With China’s stringent implementation of its gallium export controls persisting through to the end of 2023 at least, 2024 looks set to become a make-or-break year for gallium market participants outside China
December 18, 2023
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By Solomon Cefai
Insights
US senate proposes tax credit for rare earth magnets with bipartisan backing
Legislation to implement a US production tax credit for rare earth magnets made domestically has been introduced in the US Senate with bipartisan backing, the proposing senators announced on Friday December 15
December 18, 2023
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By Solomon Cefai
Insights
E-Vac to build rare earth magnet plant in South Carolina
E-Vac Magnetics, US subsidiary of German magnet manufacturer VAC Group, announced plans on Thursday December 14 to build a sintered neodymium iron boron (NdFeB) rare earth magnet plant in the US city of Sumter, South Carolina
December 14, 2023
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By Caroline Messecar
Insights
US select committee recommends creation of critical mineral reserve to protect domestic industry
This recommendation, along with others like promoting domestic battery recycling and research funding for alternative battery chemistries, is part of a larger strategy to enhance US resilience in strategic areas
December 14, 2023
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By Justin Yang, Alexander Cook, Solomon Cefai, Caroline Messecar
Insights
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