Latest news with #rareEarth
Forbes
4 days ago
- Business
- Forbes
MP Materials Stock Surges 20% After Inking Deal With Apple
MP Materials' stock closed up just over 20% on Tuesday, surging after the mining company announced a $500 million deal with Apple to develop a recycling line for the rare Earth materials that are increasingly in demand for their vital role in many high-tech devices. MP Materials shares closed up 20%. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via ... More Getty Images) SOPA Images/LightRocket via Getty Images MP Materials, the only rare Earth element mining company in the U.S., will sell rare earth magnets developed at its flagship Fort Worth, Texas, facility to Apple, according to an announcement from the tech giant. This is a developing story. Check back for updates.
Car and Driver
10-07-2025
- Automotive
- Car and Driver
The Reason You Will Be Seeing Fewer 2026 Nissan Leaf EVs on the Road
Nissan appears to be facing rare earth material shortages that could affect production of the new Leaf. Chinese restrictions on rare earth exports are causing bottlenecks in the global EV industry. There's also been a delay in plans for production of two new EVs at Nissan's Mississippi-based factory. Just as Nissan was about to turn over a new Leaf, literally, it appears as though the company's plans have run into some headwinds. According to a report from Reuters in Tokyo, a shortage of parts caused by Chinese restrictions on rare earth imports has caused production plans to be scaled back. The all-new Leaf was set to launch for the 2026 model year as a larger vehicle than the original hatchback. Now a small crossover, it was claimed to have decent range of up to 303 miles in the S+ trim, and a starting price in the mid-$30,000 range. Just as with the original, the 2026 Leaf was aimed at offering EV mobility at a relatively accessible price. The elimination of the federal EV rebate program will certainly have a cooling effect on U.S. sales of the little electric Nissan. Globally, though, it's the rare earth shortages that will affect production in the markets of Japan and Europe. Already, Nissan has begun voluntary retirement talks with workers at a plant in the U.K. where the Leaf is to be produced. Nissan Currently, Nissan is conducting an ambitious plan to reduce its workforce by 15 percent, while shuttering seven plants. The company's financial situation is pretty shaky, and slowing EV sales aren't going to help. Meanwhile, there's also a 10-month delay for two planned EV models that were to have been built at Nissan's plant in Canton, Mississippi. While the health of Nissan's dealer network in the United States is probably more dependent on sales of mainstream combustion-powered crossovers like the Rogue and Pathfinder, the renewed Leaf should have provided sales growth for the brand. The original had a few missteps at launch, but ultimately delivered on its mission for practical EV transportation. This new model would have built on that reputation, and offered the kind of space and pricing many EV shoppers are looking for. Even if the new Leaf proves to be better than ever, it faces a tough growing season ahead. Car and Driver reached out to Nissan and will update the story if we receive a response. Laura Sky Brown Digital Director Laura Sky Brown has been involved in automotive media for a very long time, and she sees it as her calling to guard the legacy and help ensure the continued high quality of Car and Driver. She was one of the first staffers at Automobile Magazine in the '80s and has worked for many other car magazines and websites as a writer, editor, and copy editor ever since. It has been her privilege to edit many of the greats of automotive journalism over the years, including the ones who currently write for C/D.
Bloomberg
09-07-2025
- Business
- Bloomberg
Rare Earths Processor Scales Back Output Due to Construction Delays
Construction delays have caused one of North America's few rare-earth processors to push back its production goal, just as Western nations struggle to counter China's control over metals vital to industry. A plant being built in Canada was supposed to process 400 metric tons of rare earth elements annually starting in 2025 — enough to power 500,000 electric vehicles. Instead, this year's output is expected to be closer to 100 tons due to delays getting equipment needed to build the facility, according to the head of the provincially owned entity.
Yahoo
01-07-2025
- Business
- Yahoo
Documents Available Regarding Ramaco's Brook Mine Rare Earth and Critical Minerals Project
LEXINGTON, Ky., July 1, 2025 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB) ("Ramaco Resources" or the "Company") announces that this morning it has released and posted to its website at the following: A press release on the Groundbreaking Ceremony for the Brook Mine, A press release and Ramaco's report summary related to the Fluor Corp. Preliminary Economic Assessment of the Brook Mine Rare Earth and Critical Minerals project, A Letter to Shareholders from its Chairman and Chief Executive Randall W. Atkins related to the Brook Mine Project, and A time-lapse video of the initial mining activity at the Brook Mine. About Ramaco Resources, Inc. Ramaco Resources, Inc. is an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia, and southwestern Virginia and a developing producer of coal, rare earth and critical minerals in Wyoming. Its executive offices are in Lexington, Kentucky, with operational offices in Charleston, West Virginia and Sheridan, Wyoming. The Company currently has four active metallurgical coal mining complexes in Central Appalachia and one coal mine and rare earth development near Sheridan, Wyoming in the initial stages of production. In 2023, the Company announced that a major deposit of primary magnetic rare earths and critical minerals was discovered at its mine near Sheridan, Wyoming. Contiguous to the Wyoming mine, the Company operates a carbon research and pilot facility related to the production of advanced carbon products and materials from coal. In connection with these activities, it holds a body of roughly 76 intellectual property patents, pending applications, exclusive licensing agreements and various trademarks. News and additional information about Ramaco Resources, including filings with the Securities and Exchange Commission, are available at For more information, contact investor relations at (859) 244-7455. Point of Contact:INVESTOR RELATIONS:info@ 859-244-7455 View original content to download multimedia: SOURCE Ramaco Resources, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
South China Morning Post
27-06-2025
- Business
- South China Morning Post
US-China rare earth agreement, Xi set to miss Brics summit: SCMP's 7 highlights
We have selected seven stories from the SCMP's coverage over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing The United States and China reached a 'framework' agreement on how to facilitate rare earth shipments, implementing a deal based on bilateral trade talks that started last month in Geneva, Switzerland, the White House said. Confirmation of the agreement came shortly after US President Donald Trump said the US had signed a trade deal with Beijing a day earlier, offering no further details. People celebrate the ceasefire between Iran and Israel at Enghelab Square in Tehran, Iran, on June 24. The ceasefire was declared on Tuesday. Photo: Xinhua A frustrated US President Donald Trump insisted on Tuesday that the ceasefire between Iran and Israel remains 'in effect', even as he rebuked both nations for violating it. This public warning followed his earlier castigation of Iran, but particularly close US ally Israel, for launching attacks after the ceasefire, which he had originally announced late Monday. Chinese President Xi Jinping will not attend next week's Brics summit in Rio de Janeiro, marking his first-ever absence from the gathering of leading emerging economies, the Post learned from multiple sources on Tuesday.
