Trump administration puts $750M toward rare-earth magnets production

The Vulcan-ReElement Deal Everyone's Buying — And the October 2026 Deadline That Could Sink It - MP Materials (NYSE:MP), Intel (NASDAQ:INTC)

US Government Backs Rare-Earth Magnet Startup With $1.4 Billion to Counter China

The U.S. government announced a $1.4 billion partnership Monday with Vulcan Elements and ReElement Technologies to build a domestic rare-earth magnet supply chain, marking one of the Trump administration’s most significant investments in reducing America’s dependence on Chinese critical minerals. The deal includes a $620 million direct loan from the Department of War’s Office of Strategic Capital to North Carolina–based Vulcan Elements, which wi…

Rare earth magnet company, critical mineral refinery strike deal with DOD, Commerce

North Carolina-based rare earth magnet maker Vulcan Elements and critical mineral refinery ReElement are teaming up with the federal government on a $1.4 billion partnership to scale up the companies’ domestic rare earth magnet supply chain, Inside Defense reports. The Defense Department will receive warrants -- options allowing the federal government rights to purchase a company’s stock for a predetermined price at a later date -- in both compa…

Trump administration puts $750M toward rare-earth magnets production

The Trump administration is putting nearly $750 million toward a deal to produce rare-earth magnets in the U.S. — and is once again taking shares of the companies to which it will dole out the cash. The partnership between the departments of Defense and Commerce and Vulcan Elements and ReElement Technologies seeks to enable 10,000…

India to triple domestic rare earth magnet manufacturing

New Delhi seeks to curb reliance on Chinese imports and secure materials vital for its electric vehicle and defense industries

Rare earth magnet company, critical mineral refinery strike $1.4B deal with Pentagon, Commerce Department

North Carolina-based rare earth magnet maker Vulcan Elements and critical mineral refinery ReElement are teaming up with the federal government on a $1.4 billion partnership to scale the companies' fully domestic rare earth magnet supply chain, Vulcan announced today. The Defense Department will receive warrants -- options allowing the federal government rights to purchase a company’s stock for a predetermined price at a later date -- in both co…