DOE awards $45.7M to fix America's magnesium and rare earth gaps
The U.S. Department of Energy awarded $45.7 million across 19 critical minerals projects on May 19, targeting domestic processing capacity in magnesium and rare earth elements where the U.S. remains completely import-dependent.
DOE opens $69M critical minerals processing fund as China tightens rare earth grip
The Energy Department launched a $69 million fund for bench-to-pilot scale processing of rare earths, semiconductor materials, and lithium, addressing the single chokepoint where China controls 40–90% of global capacity.
Critical Metals locks $835M Greenland rare earth deal, sealing Western supply
Critical Metals acquires full control of Tanbreez, Greenland's 4.7-billion-tonne rare earth deposit, for $835M, directly challenging China's stranglehold on refined magnet materials.
USA Rare Earth commissions first U.S. NdFeB magnet line, 600 metric tons by 2026
USA Rare Earth began shipping sintered neodymium magnets from its Stillwater, Oklahoma facility in Q2 2026, the first commercial-scale domestic production line backed by $1.3B+ federal funding — directly confronting China's 90% global supply monopoly.