Inner Mongolia Selects 15 Entities for 2025 Tech Commercialization Platforms

[SMM Rare Earth News Flash] To accelerate the development of Europe's domestic rare earth resources, the Norwegian government has officially taken over the planning of the Fen deposit located in the Telemark region in the south of the country, elevating the project's planning authority from the Nome municipal government to the national level. The Fen deposit is Europe's largest known rare earth deposit, with rare earth oxide resources of 15.9 million mt, an 81% increase from the 2024 assessment. Currently, developer Norwegian Rare Earths plans to commence production in H2 2031 and produce 800 mt of NdPr in 2032, which is expected to meet approximately 5% of the EU's demand.

[SMM Rare Earth News Flash] USA Rare Earth agreed to acquire Brazil's Serra Verde Group for $2.8 billion. The deal includes $300 million in cash and stock. After the merger, original USA Rare Earth shareholders will hold 66% and Serra Verde shareholders 34%. Serra Verde owns the Pela Ema ionic clay mine, targeting annual production of 6,400 mt of rare earth oxides by the end of 2027 with plans to double that. It has signed a 15-year offtake agreement with a US government-funded agency, locking in lowest prices for praseodymium, neodymium, dysprosium, and terbium. This acquisition accelerates the company's mine-to-magnet integrated strategy, with combined rare earth oxide capacity reaching 17,100 mt/year after the merger.