rare earth elements

Latest news and articles about rare earth elements from NEX English

Invest $2.8 Billion in Brazil to Counter China’s Dominance

USA Rare Earth has announced plans to acquire the Serra Verde mine in Brazil for up to <strong>$2.8 billion</strong>. This mine accounts for over half of the global supply of heavy rare earth elements outside of China, highlighting the significance of this investment amid rising concerns about reliance on Chinese resources.

Indian Electric Vehicle Industry Reduces Rare Earth Dependence

Indian electric vehicle manufacturers are striving to lessen their reliance on rare earth magnets following recent crises that exposed vulnerabilities in the supply chain. This shift is leading to motor redesigns and the exploration of low-cost alternatives.