The U.S. government is promoting a domestic rare earth magnet supply chain, with commercial production starting in Texas and new facilities coming online in South Carolina.
1 report, 1 independent
Updated Jun 24
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What happened
The U.S. government is promoting a domestic rare earth magnet supply chain, with commercial production starting in Texas and new facilities coming online in South Carolina.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- USA Rare Earth owns a heavy rare-earth deposit in Texas and is building magnet factories in Oklahoma and South Carolina.Sub-event
- Stock potential of a company is being compared to Nvidia's potential, with regional demand variations affecting recovery speed in Texas and South Carolina.Sub-event
- Evolution Metals & Technologies Corp. produces magnets compliant with defense standards, utilizing materials from SRE Vietnam, aligning with Trump administration executive order requirements.Sub-event
U.S. push for domestic rare earth magnet production in Texas and South Carolina.1 source
Keep exploring
The entities involved
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USA Rare Earth
American mining company
Nothing else this week.
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Texas
state of the United States of America
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South Carolina
state of the United States of America
- Wilson and Jermaine Johnson are running for governor in South Carolina, with Pamela Evette supporting Wilson and Wilson receiving an endorsement from Donald Trump.
- A contest for the agricultural commissioner seat in South Carolina is underway, focusing on economic challenges like drought and low prices.
Related events
- A company owning less common metals in the U.K. is establishing operations in Oklahoma and Texas, aiming to reduce dependence on Chinese dominance.
- MP Materials leverages its Texas facility and government support, including a 10-year price floor commitment from the DOD, to ramp up commercial rare earth deliveries and reduce reliance on China.