U.S. proposes price floor contracts for NdPr and heavy rare earths to counter predatory pricing
The U.S. Department of Energy is developing "Contract for Difference" agreements to guarantee minimum prices for domestically produced NdPr oxide and heavy rare earths, aiming to eliminate the financial risk that has stalled Western refinery investment.
Australia commits AUD$2.1B to Critical Minerals Development Fund expansion
The Australian government announces major expansion of the Critical Minerals Development Fund, targeting rare earth separation and heavy rare earth projects to compete with Chinese dominance.
U.S. State Department launches FORGE initiative for supply chain coordination
The United States State Department has launched the Funding for Ore Refining and Global Extraction (FORGE) initiative, a diplomatic forum aimed at coordinating international critical mineral supply chains.
U.S. proposes $2.5 billion Strategic Resilience Reserve for mineral stockpiling
Congress is considering the Strategic Resilience Reserve legislative bill, which would allocate $2.5 billion for critical mineral stockpiling and domestic processing infrastructure.