Greenland Rejects Rare Earth Exploration License Renewal Due to Uranium Mining Ban

SMM: June NdFeB output rose 1.7% MoM to 32,985t on Pr-Nd fueled stockpiling, not demand recovery. With demand front-loaded and H2 facing seasonal lulls plus export policy risks, July output is set to drop. Overall H2 demand remains subdued.

The US Army has reached agreements with multiple enterprises to build critical mineral processing plants at military bases across the country, marking the first such move by the Trump administration to boost domestic production of critical materials. On the 25th, the US Army said in a statement that REalloys Inc., Titan Mining Corp., Ioneer Ltd., Energy X, and other enterprises had reached agreements with the Pentagon to build processing facilities for minerals including rare earths, graphite, lithium, and boron. The statement said REalloys would build a rare earth separation facility at the Tooele Army Depot in Utah, with its products to be stockpiled for military use. Titan Mining would build and operate a graphite purification facility at either the Pine Bluff Arsenal in Arkansas or the Anniston Army Depot in Alabama. Energy X and Ioneer Ltd. of Sydney (the only non-US company among the four involved) would build a lithium processing facility and a boron plant, respectively.