Chinese Rare-Earth Magnet Firms Adjust Formulas to Maintain Exports
Chinese rare-earth magnet companies are adjusting their magnet formulas to avoid using restricted rare-earth elements and devising other strategies to get magnets out of the country, Jon Emont of The Wall Street Journal reports, citing employees from large Chinese magnet companies and Western firms that buy from them. The strategies and don't work perfectly, but Chinese companies are determined to find legal ways to maintain exports. The Fly notes that companies involved in the development and mining of rare earth minerals include Nova Minerals (NVA), Ioneer (IONR), Lynas Rare Earths (LYSCF), MP Materials (MP), Energy Fuels (UUUU), NioCorp (NB) and VanEck Vectors Rare Earth/Strategic Metals ETF (REMX).
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Trump's Mineral Strategy Following Lithium Americas—Which Companies Might Be Next?
Trump Administration's Investment: The Trump administration is acquiring a 10% equity stake in Lithium Americas Corp to enhance domestic lithium production, renegotiating a $2.26 billion loan for the Thacker Pass project in Nevada.
Potential Candidates for Government Support: Other companies in the critical minerals sector, such as MP Materials, USA Rare Earth, Ioneer, and Perpetua Resources, may also attract government investment due to their strategic importance in reducing reliance on foreign sources, particularly China.
Ioneer surges following improved evaluation of Nevada lithium-boron initiative
Ioneer Stock Surge: Ioneer (NASDAQ: IONR) saw a 17.2% increase in stock price following an upgrade in the economics of its Rhyolite Ridge lithium-boron project in Nevada.
Improved Project Economics: The updated mine plan revealed a 38% increase in net present value to A$1.89B, a 16.8% internal rate of return, and significant increases in lithium and boron production rates, positioning the project among the lowest cost producers globally.
