News Analysis At its 2023 Investor Day presentation in Texas, Tesla revealed its plans to produce its next generation EV motor without any rare earth minerals. As a global leader in the electric vehicle market, Tesla’s plan for zero rare earth permanent magnet motors, if successful, could have a significant impact on the rare earth market—particularly China’s rare…

Japan plans on beginning the extraction of rare earth metals from the region around Minamitorishima Island in 2024 as the country attempts to wean away from depending on China for critical resources. Work on developing extraction technologies for the endeavor will begin next year. The rare earth-rich mud is located on a seafloor at a…

Scientists from the University of Cambridge and their Austrian colleagues have discovered a novel method of making magnets without the use of rare earth metals, an innovation that could offer a possibility for Western countries to veer away from overly depending on China for the tech-critical materials. Researchers found a way to produce tetrataenite, an…

Turkey has disclosed that it has found a huge rare earth reserve of an estimated 694 million tons in the central Anatolia region. It is understood to be the world’s second-largest raw earth reserve, with the biggest being an 800 million ton site in China. The Turkish statement has been attacked by Chinese state-run media…