MP Materials to supply Apple with US-made rare earth magnets
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U.S. Commerce Secretary said Nvidia's plans to start selling its H20 chips are tied to ongoing trade discussions with China regarding REEs.
By Jarrett Renshaw and Karen Freifeld WASHINGTON/BEIJING/HONG KONG (Reuters) -Nvidia's planned resumption of sales of its H20 AI chips to China is part of U.S. negotiations on rare earths, Commerce Secretary Howard Lutnick said on Tuesday,
The coal company has started excavating its Wyoming critical minerals find. CEO Randy Atkins doesn’t want the Pentagon’s money, but he does want a U.S. strategic reserve.
The factory will develop a series of neodymium magnet manufacturing lines specifically designed for Apple products.
U.S. efforts to break China's dominance of the rare earths market and to drive investment in its own industry have moved up a gear with a Washington-backed plan to create a separate, higher pricing system.
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USA Rare Earth, Inc. USAR +23.5% + Free Alerts is another U.S.-based company involved in the mining, processing and supply of rare earth elements and other critical minerals. Founded in 2019 and headquartered in Stillwater, Oklahoma, USARE is working to develop a vertically integrated domestic supply chain for rare earth element magnet production.
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Gracelin Baskaran of CSIS says Japan's push to develop deep sea rare earth mining manufacturing capabilities are crucially needed. She also discusses the various issues surrounding deep sea mining, such as maritime security and environmental concerns.