Rare Earth Magnet Manufacturing Expands as MP Materials Announces Texas Campus A month after Stillwater-based USA Rare Earth, LLC announced a major move in its production of rare earth magnets, the firm apparently has some major competition making its own significant announcement. MP Materials Corp. announced it has selected a 120-acre site in Northlake, Texas, …
Oklahoma Aluminum Project Grows With New Smelter Partnership Nearly nine months after Oklahoma announced plans for construction of a $4 billion aluminum smelter in Inola, another major development signals the project is moving into a new phase. Emirates Global Aluminium (EGA), the company that signed an agreement with Oklahoma Gov. Kevin Stitt last year, has …
CHIPS Act-backed deal accelerates rare earth supply chain Stillwater-based USA Rare Earth, Inc. is giving up a potential 8% to 16% ownership stake in exchange for more than $1 billion in federal funding and loans, a move aimed at accelerating domestic production of rare earth minerals critical to semiconductors, permanent magnets, defense systems, and advanced …
